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Nakon Američkog odustajanja od Keystone XL naftovoda, Ruski Lukoil sprema pondu za Kanadska naftna polja
by Hektorović 5/2/2021, 23:17
https://www.bnnbloomberg.ca/mccreath-russia-s-lukoil-said-to-be-circling-canada-s-oil-patch-1.1559619
McCreath: Russia's Lukoil said to be circling Canada's oil patch
Calgary is buzzing again, and not just because the prices of oil and gas are on the rise.
While it’s not news until it hits the tape, multiple senior sources in Calgary’s energy community suggest that Russian energy giant Lukoil PJSC, a behemoth that produces two million barrels of oil equivalent per day and sports a nearly US$53-billion market capitalization, is poised to take a significant stake in privately-owned western Canadian energy producer Velvet Energy Ltd.
Some of the chatter about this dance can be traced to Cormark Securities telling clients Thursday morning that Lukoil was set to acquire a position in Velvet. By Thursday night, Cormark had retracted that report. However, as a securities analyst at heart, the original comment piqued my investigative side. After more than a dozen phone calls and many email exchanges – and, arguably more importantly, messages and calls that were not returned -- I’m convinced Lukoil’s interest in Canada’s energy heartland could extend far beyond Velvet.
Similar to many energy companies, Velvet – which produces roughly 25,000 barrels of oil equivalent every day, has struggled with debt issues over the past year. Sources suggest Lukoil will purchase the combined 48 per cent of Velvet that is shared between the Canada Pension Plan Investment Board (CPPIB) and Warburg Pincus LLC of New York. When reached by email, representatives for CPPIB and Warburg Pincus declined to comment. “I have no further comments to make,” is what a spokesperson for Velvet Energy told BNN Bloomberg via email.
Obviously if true, it’s provocative to think a Russian oil major would make its first foray into the Canadian energy patch by in effect purchasing a controlling stake in a small Canadian energy producer. However, it’s thought that the purchase of the stake in Velvet would be just one small step in a larger plan to become a major player in the richest oil and condensate window of the unconventional Montney play in Alberta’s Deep Basin.
Recently, Areti International Group, controlled by Russian oligarch Igor Makarov, took control of Inception Exploration Ltd., a small producer whose lands border on the lands of Velvet. Other players in this lucrative region of Alberta include Hammerhead Resources Inc., a private company controlled by Riverstone Holdings LLC, a New York-based private equity firm; and Seven Generations Energy Ltd., a $2-billion market cap, condensate-rich energy company with a vast inventory of drilling prospects.
If I’m right, what are the chances that Lukoil would want to limit its investment in Canadian energy to owning almost half of a company that produces a little more than one per cent of its existing production, especially since Lukoil’s own properties are facing very steep rates of production declines.
My hunch is that Lukoil’s grander plan could be to consolidate this entire region, of which purchasing Seven Generations would be the crowning achievement. Who knows how the government of Alberta would react or especially the federal government in Ottawa.
However, wouldn’t it be ironic if after the Americans largely pack up their bags and go home that it’s the Russians that see the opportunity in our vast resources.
McCreath: Russia's Lukoil said to be circling Canada's oil patch
Calgary is buzzing again, and not just because the prices of oil and gas are on the rise.
While it’s not news until it hits the tape, multiple senior sources in Calgary’s energy community suggest that Russian energy giant Lukoil PJSC, a behemoth that produces two million barrels of oil equivalent per day and sports a nearly US$53-billion market capitalization, is poised to take a significant stake in privately-owned western Canadian energy producer Velvet Energy Ltd.
Some of the chatter about this dance can be traced to Cormark Securities telling clients Thursday morning that Lukoil was set to acquire a position in Velvet. By Thursday night, Cormark had retracted that report. However, as a securities analyst at heart, the original comment piqued my investigative side. After more than a dozen phone calls and many email exchanges – and, arguably more importantly, messages and calls that were not returned -- I’m convinced Lukoil’s interest in Canada’s energy heartland could extend far beyond Velvet.
Similar to many energy companies, Velvet – which produces roughly 25,000 barrels of oil equivalent every day, has struggled with debt issues over the past year. Sources suggest Lukoil will purchase the combined 48 per cent of Velvet that is shared between the Canada Pension Plan Investment Board (CPPIB) and Warburg Pincus LLC of New York. When reached by email, representatives for CPPIB and Warburg Pincus declined to comment. “I have no further comments to make,” is what a spokesperson for Velvet Energy told BNN Bloomberg via email.
Obviously if true, it’s provocative to think a Russian oil major would make its first foray into the Canadian energy patch by in effect purchasing a controlling stake in a small Canadian energy producer. However, it’s thought that the purchase of the stake in Velvet would be just one small step in a larger plan to become a major player in the richest oil and condensate window of the unconventional Montney play in Alberta’s Deep Basin.
Recently, Areti International Group, controlled by Russian oligarch Igor Makarov, took control of Inception Exploration Ltd., a small producer whose lands border on the lands of Velvet. Other players in this lucrative region of Alberta include Hammerhead Resources Inc., a private company controlled by Riverstone Holdings LLC, a New York-based private equity firm; and Seven Generations Energy Ltd., a $2-billion market cap, condensate-rich energy company with a vast inventory of drilling prospects.
If I’m right, what are the chances that Lukoil would want to limit its investment in Canadian energy to owning almost half of a company that produces a little more than one per cent of its existing production, especially since Lukoil’s own properties are facing very steep rates of production declines.
My hunch is that Lukoil’s grander plan could be to consolidate this entire region, of which purchasing Seven Generations would be the crowning achievement. Who knows how the government of Alberta would react or especially the federal government in Ottawa.
However, wouldn’t it be ironic if after the Americans largely pack up their bags and go home that it’s the Russians that see the opportunity in our vast resources.
Hektorović- Posts : 26373
2018-04-10
Re: Nakon Američkog odustajanja od Keystone XL naftovoda, Ruski Lukoil sprema pondu za Kanadska naftna polja
by RayMabus 5/2/2021, 23:29
Kako će to gradit kad Demokrati ne daju ? To ide u SAD a Biden je blokirao.
Gluposti. Ništa od toga.
Gluposti. Ništa od toga.
RayMabus- Posts : 184105
2014-04-11
Re: Nakon Američkog odustajanja od Keystone XL naftovoda, Ruski Lukoil sprema pondu za Kanadska naftna polja
by RayMabus 5/2/2021, 23:34
Ja koliko vidim to nije vezano uz naftovod nego samo istraživanje i naftne bušotine.
Al nije to nešto previše bitno. Svijet se sve više okreće zelenoj energiji pa je i cijena tih energenata niska.
Al nije to nešto previše bitno. Svijet se sve više okreće zelenoj energiji pa je i cijena tih energenata niska.
RayMabus- Posts : 184105
2014-04-11
Re: Nakon Američkog odustajanja od Keystone XL naftovoda, Ruski Lukoil sprema pondu za Kanadska naftna polja
by Ringo10 6/2/2021, 02:36
E nacekat ces se ti dok zelena energija zavlada...necemo to dozivjeti ni ti ni ja...
Ringo10- Posts : 21667
2015-09-24
Re: Nakon Američkog odustajanja od Keystone XL naftovoda, Ruski Lukoil sprema pondu za Kanadska naftna polja
by Guest 6/2/2021, 09:00
Ringo10 wrote:E nacekat ces se ti dok zelena energija zavlada...necemo to dozivjeti ni ti ni ja...
Neće to nitko doživjeti iz jednostavnog razloga jer je tzv. zelena energija previše skupa, neisplativa i predstavlja najbolji mogući preduvjet za globalnu ekonomsku katastrofu.
Guest- Guest
Re: Nakon Američkog odustajanja od Keystone XL naftovoda, Ruski Lukoil sprema pondu za Kanadska naftna polja
by Hektorović 6/2/2021, 13:10
RayMabus wrote:Kako će to gradit kad Demokrati ne daju ? To ide u SAD a Biden je blokirao.
Gluposti. Ništa od toga.
Pa samo neće iči u Američke rafinerije. Biden je zabranio naftovod koji je vodio do Američkih rafinerija.
Hektorović- Posts : 26373
2018-04-10
Re: Nakon Američkog odustajanja od Keystone XL naftovoda, Ruski Lukoil sprema pondu za Kanadska naftna polja
by RayMabus 6/2/2021, 13:15
Onda to nije Keystone xl tj naftovod od Alberte u Kanadi do mislim Svetog Luisa koji ide direktno preko Dakote.Hektorović wrote:RayMabus wrote:Kako će to gradit kad Demokrati ne daju ? To ide u SAD a Biden je blokirao.
Gluposti. Ništa od toga.
Pa samo neće iči u Američke rafinerije. Biden je zabranio naftovod koji je vodio do Američkih rafinerija.
Riječ u osnovi o novim naftnim bušotinama u Alberti pošto su Amerikanci odustali i to je ta priča.
Prednost je blizina tržišta. Zato Rus oće tu.
RayMabus- Posts : 184105
2014-04-11
Re: Nakon Američkog odustajanja od Keystone XL naftovoda, Ruski Lukoil sprema pondu za Kanadska naftna polja
by Hektorović 6/2/2021, 13:19
RayMabus wrote:Onda to nije Keystone xl tj naftovod od Alberte u Kanadi do mislim Svetog Luisa koji ide direktno preko Dakote.Hektorović wrote:RayMabus wrote:Kako će to gradit kad Demokrati ne daju ? To ide u SAD a Biden je blokirao.
Gluposti. Ništa od toga.
Pa samo neće iči u Američke rafinerije. Biden je zabranio naftovod koji je vodio do Američkih rafinerija.
Riječ u osnovi o novim naftnim bušotinama u Alberti pošto su Amerikanci odustali i to je ta priča.
Prednost je blizina tržišta. Zato Rus oće tu.
Pa upravo to, ne zanima Ruse naftovod nego nalazišta, i Kanađani sumnjaju kako ih Rusi žele totalno preuzeti sad kad su Ameri ispali iz igre.
Hektorović- Posts : 26373
2018-04-10
Re: Nakon Američkog odustajanja od Keystone XL naftovoda, Ruski Lukoil sprema pondu za Kanadska naftna polja
by Hektorović 6/2/2021, 13:20
Hektorović wrote:My hunch is that Lukoil’s grander plan could be to consolidate this entire region, of which purchasing Seven Generations would be the crowning achievement. Who knows how the government of Alberta would react or especially the federal government in Ottawa.
However, wouldn’t it be ironic if after the Americans largely pack up their bags and go home that it’s the Russians that see the opportunity in our vast resources.
Hektorović- Posts : 26373
2018-04-10
Re: Nakon Američkog odustajanja od Keystone XL naftovoda, Ruski Lukoil sprema pondu za Kanadska naftna polja
by RayMabus 6/2/2021, 13:21
Pa ako ne žele Ruse nek buše sami.
RayMabus- Posts : 184105
2014-04-11
Re: Nakon Američkog odustajanja od Keystone XL naftovoda, Ruski Lukoil sprema pondu za Kanadska naftna polja
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