Oil and gas consolidation 2021

[ExtraSlow]

Jobs are for chumps. Trust me, I is one.

[mr2mike]

Spartan Delta picked up Velvet Energy

So I guess you could say the Delta is gaining.

[ExtraSlow]

Oh That's interesting. I know people at velvet. I know. One dude at spartan, but not well.

[schurchill39]

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Spartan Delta picked up Velvet Energy

So I guess you could say the Delta is gaining.

Isn't Spartan buying other companies the opposite of what that group of people usually do?

[flipstah]

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Isn't Spartan buying other companies the opposite of what that group of people usually do?

Spartan acquires Tokyo Smoke

[ExtraSlow]

Vermillion buy Leucrotta:
https://energynow.ca/2022/03/vermili...r-477-million/

[suntan]

That's good for the 101 Dalmations.

[schurchill39]

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Vermillion buy Leucrotta:
https://energynow.ca/2022/03/vermili...r-477-million/

I had heard grumblings they were looking at acquisitions in a new play but for some reason I was thinking it was maybe Repsol's Duvernay assets. Leucrotta makes a lot of sense though.

[ExtraSlow]

Who's buying cnooc baby? Who even could buy the nexen oilsands stuff? Has to be a Canadian company. CNRL obvs has the ability.

[Darkane]

Cnrl, distant second third - Suncor, cenovous

[Xtrema]

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Who's buying cnooc baby? Who even could buy the nexen oilsands stuff? Has to be a Canadian company. CNRL obvs has the ability.

Is it a fire sale? If so, that's down CNRL's alley.

CNOOC is keeping their Russian plays and sounds like secondary sanction is imminent.

[ExtraSlow]

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Cnrl, distant second third - Suncor, cenovous

Probably correct, you just know how the rumors work.

[suntan]

Well that sorta sucks, but I'm not sure how many people were working there anyhow.

Had an employee's friend work there, she had some crazy stories about the Chinese.

[ExtraSlow]

I certainly have no stores I am able to put in writing about the chinese business practices of anywhere I have worked or done business.

[killramos]

Depending on how a couple other processes go I wonder if Strathcona might be able to take a run at CNOOC oil sands assets.

They would have retained some thermal expertise from PGF such that they might be a black sheep in the process.

[Darkane]

I’ll throw a curveball here

GROC.

[schurchill39]

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Who's buying cnooc baby? Who even could buy the nexen oilsands stuff? Has to be a Canadian company. CNRL obvs has the ability.

This quote is hidden because you are ignoring this member. Show Quote

Cnrl, distant second third - Suncor, cenovous

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Is it a fire sale? If so, that's down CNRL's alley.

CNOOC is keeping their Russian plays and sounds like secondary sanction is imminent.

I can't see how it could be anyone but CNRL

[killramos]

Tier 2 assets…

Sounds right up CNRL’s alley

[riander5]

This is how I imagine CNRL sees an acquisition -

Step #1 - Looks at lifting cost

Step #2 - Oh yeah we can get that down via vendor pay cuts

[mr2mike]

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Tier 2 assets…

Sounds right up CNRL’s alley

Only if CNOOC sells for a substantial loss.