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The Drilldown: Alaska federal court asked to block sales of oil and gas leases

iPolitics By Quinn Barrie-Watts. Published on Dec 16, 2020 11:27am The Lead   Yesterday, environmental and Native groups filed three cases with a federal court in Anchorage, Alaska. Their cases seek to prevent the United States’ Interior Department from hastily opening the Arctic National Wildlife Refuge (ANWR) to oil and gas exploration before the end of Donald Trump’s presidency. Four lawsuits have been filed since August. The court cases’ motions are also seeking a preliminary injunction to block the lease sales, auctioning fossil-fuel drilling rights, of the Trump administration. Furthermore, the plaintiffs are requesting a court order barring permits required for seismic operations. According to critics, such operations are “disruptive to resident populations of polar bears listed as a threatened species due to climate change.” In response, the United States Fish and Wildlife Service says the “seismic disturbances to bears would be minimal,” Reuters report

Camada: Husky and Cenovus combine to create a resilient integrated energy leader

Canada: Husky and Cenovus combine to create a resilient integrated energy leader 15 Dec 2020 Husky and Cenovus and is expected to close in the first quarter of 2021, subject to shareholder and regulatory approvals. Learn more. Transaction Highlights Accretive to all shareholders on cash flow and free funds flow per share Anticipated annual run rate synergies of $1.2 billion, largely achieved within the first year, independent of commodity prices Expected free funds flow break-even at West Texas Intermediate (WTI) pricing of US$36 per barrel (bbl) in 2021, and at less than WTI US$33/bbl by 2023 Low exposure to Western Canadian Select (WCS) locational differential risk while maintaining healthy exposure to global commodity prices

Oil sands win favour on Wall Street after years in shale s shadow

Oil sands win favour on Wall Street after years in shale s shadow Robert Tuttle and Michael Bellusci, Bloomberg News Oil sands win favour on Wall Street after years in shale s shadow VIDEO SIGN OUT After years in the shadow of the U.S. shale boom, the Canadian oil sands are emerging from 2020’s historic market crash with a slew of upbeat outlooks from Wall Street equity analysts. Morgan Stanley and Goldman Sachs Group Inc. are the latest firms to point out the industry’s ability to generate healthy cash flow next year as a reason to buy stocks like Suncor Energy Inc., Canadian Natural Resources Ltd. and MEG Energy Corp. That follows similar reports from BofA Securities and BMO Capital Markets.

Oil Sands Win Wall Street Favor After Years in Shale Shadow

Oil Sands Win Wall Street Favor After Years in Shale Shadow
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Oil Sands Winning Praise from Wall Street

Oil Sands Winning Praise from Wall Street
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