Razor Oil

@kinsellawarren @RBC contact @ronmortgageguy company for good rates.

Up for a mortgage renewal. @RBC is not offering me an impressive rate. Anyone know what others are offering for three, four and five year extensions?

I would like to add that while the Alliance members continue impressive brownfield expansions at low cost of supply, nearly 100% of recent greenfield growth is coming from companies outside the Alliance. These operators are deploying smaller, modular SAGD facilities that often cannot economically tie into a large centralized CCUS network due to geography and scale. This creates a structural disadvantage for nimble innovators and risks slowing overall industry progress in reducing emissions. So there are several issues here for sure 1) cutting emissions via very expensive CCUS just to see these emissions increasing outside of the alliance 2) Alliance companies eventually acquiring the small non CCUS assets just to basically achieve the same emissions as today....many things here dont make sense my friend.

The days of mincing words in Canadian O&G are over: “Unfortunately, while both governments have taken steps toward this critical national interest objective since signing the MOU, the pace of change has been slow, and we are at risk of letting this opportunity pass Canada by.   Because of complex regulatory processes, uncompetitive carbon frameworks and fiscal systems that do not incent growth, there has not been a major new greenfield oil sands project sanctioned in Canada since 2013 and investment has dramatically declined.” oilsandsalliance.ca/news/the-time-…

@CODEMANO8 @ericnuttall

@RazorOil @ericnuttall I don’t want ATH.TO to be a takeout target — I want us owners to keep owning it. With oil running and buybacks capped, I worry cash just piles up while the market undervalues it. Shrink the float, let owners buy out sellers, not a 3rd party.

@ericnuttall @RazorOil Is $ATH.TO considering a smart defensive move?Why not kick out a dividend, put excess cash back into shareholders’ hands, encourage share buybacks,tighten the float,and potentially drive up the share price to make any takeover far more expensive.

@ZimmelMike @joeblough1970 wow ! i know nothing about that. interesting and thanks for sharing.

@RazorOil @joeblough1970 Close ties with Brookfield and the current federal government. Between Brookfield and the federal government, Entropy has received approx $0.5 Billion dollars. And work with an entity in Northern Alberta. CCUS, carbon credits, etc.

When people have gastrointestinal issues, they don’t capture the gas in a grocery bag and bury it underground. Instead, they treat the problem at its source, by changing their diet, improving their lifestyle, or using medicine. That’s why 🇨🇦 carbon capture doesn’t make sense to me. Too expensive and 100% of new greenfield projects with same emission intensity of 60 kg CO₂ per barrel outside of the alliance. 😳🪒

@RazorOil You are best follow for making things straightforward for complex stuff like this! Thanks for what you do!

@Optomedrip Wow thanks man ! Appreciate the kind words 🫵🥇🪒

The viscosity of 🇨🇦 bitumen oil in reservoir conditions could be as high as 5 million cP, basically a hockey puck…So how to economically produce it to surface? By injecting steam! the heat gets transferred and reduces the viscosity of bitumen to olive oil type of viscosity under 100 cP. prior to that tho, the oil becomes mobile at about 70c or so and it flows by gravity like maple syrup at these conditions 🫡🪒

We are back at destroying civilizations and having special bridge and power plant days, cool cool…😳🪒

@NuggetCapital now that I think about it, it was highly irresponsible behaviour on my behalf, but in my head it somehow made sense. Glad it worked out...nothing ever was or is easy in investing/trading.

@RazorOil There are anamolies. Overall that's the way I swagger. Happy you knew the company better then they did.

Eric Nutall on mainstream CTV warning about oil rationing to kill demand. Bullish or bearish ? Seems like an ultimate top signal but I have been thinking that way for a while and admittingly been wrong. Ill stick to my guns. Maybe will be different than 2022. Doubt it though.

@andrew_leach @DoerksenMorley Technology development is key -agreed, if you think about it reducing steam is good for economics and environmental performance. TBH we always tried reducing steam utilization so this is nothing new, upfront CAPEX heavy project initiatives suck, the PTSD from 2020 is real.

@RazorOil @DoerksenMorley The irony, of course, is this type of discussion is exactly why emissions pricing makes sense as compared to tech mandates. Let those with the expertise find the cheapest ways to reduce emissions, rather than letting gov't pick winners.

@andrew_leach x.com/RazorOil/statu…

Thanks ! appreciate you sharing your thoughts. I agree with most points. My fundamental POV is from a different angle. I think CCUS is a no-go unless there is huge government funding, if carbon tax increases they will just do more of what you see in this chart, NCG coinjection.....I shared this in my open letter to CEOs, I will add the link below..... "SAGD asset producing approximately 9,000 bbl/d, successfully reduced its steam-to-oil ratio from 5.0 to 3.4 by cutting steam injection from 44,000 bbl/d to 25,000 bbl/d over the past 9 years, a 43% reduction due to NCG co-injection. Because steam generation is the primary source of emissions in SAGD, this translates directly into proportional CO₂ reductions. Scaled across the industry, these technologies could deliver emission reductions comparable to the initial targets of the Pathways CCUS project, and do so at a fraction of the capital intensity." (here important to look at the red line which correlates with CO2 emissions)

All the oil industry advocates lining up to tell me that I am wrong and that, in fact, Canada's oil sands are a low value, very precarious investment is pretty funny. Lower ghgs per bbl to the global avg? Not possible! Keep it up, folks. Canadians will get the message eventually.

@chooserich "Hello, I am here to notify you that all information available on our website, thank you."

This is a wild interview with the GameStop CEO How is him just being a dick and not answering questions a good look??

@trying2retire73 @NuggetCapital she wasn't, life happens.

@RazorOil @NuggetCapital there are a LOT of dumb executives out there in every company

@jim_duffus Thanks for sharing the information related to emitting more gas than a typical person, we will make sure increase your carbon tax to mitigate ass emissions lol

@RazorOil For someone with GI issues, that's quit an analogy you have Razor...lol

@ronmortgageguy @SteveSaretsky @RichardDias_CFA

@gjbangar Bro, you are not helping. We both know they need some solution to deal with emissions…

@RazorOil Carbon dioxide isn’t a pollutant either. Take it from an engineer.

@andrew_leach 👀

Cenovus has some of the best oil sands projects in Alberta. They're just telling Canadians that oil sands resources are marginally profitable at best, pennies per barrel from being uncompetitive. It's not a great idea when you're asking for billions to support the industry.