Recently heard from automation lead at CNRL that they are going to buy Kearl.
Does anyone have some information?
9 replies (most recent on top)
@1m3
What are you talking about, the all knowing automation lead told me Peter Thiel and his Cronies are trying to acquire Kearl as part of the Donroe doctrine that is undergoing implementation in Americas with Venezuela, Cuba, Columbia, Greenland and Alberta in the cross hair. Kearl is just small part of the grand design to extract resources from the satellites.
Well prices are high right now, so if Imperial wants to sell Kearl, this would be the opportune time. Things won't get much better.
Consider this, 1 billion barrels have been removed from global inventories in 100 days of Iran war, and it barely raised the prices by 60%. That means that the oil glub was so huge that it had filled up the inventories globally by Jan 2026.
The chinese just reduced imports by 4 mbd and the other countries starved of resources are actively pivoting now just because they cant afford to pay even the current price of oil forget the price when the inventories are exhausted so everyone is being forced to start electricity pivot programs. India was already reporting g last year that their solar power is cheaper than thermal power and with the price shock now and their collapsing currency, their pivot will accelerate dramatically as would in SEAsia, Japan, EU and Africa else they go into financial crisis.
Chinese already have an industry ready to supply cheap PV, EV and massive battery factories for all the world needs. Some estimates were that China is no exporting 20Billion worth of EVs every month since the Iran started and that means permanent structural changes are taking place everywhere to prevent currency collapse and financial crisis in importing countries.
So I think if Kearl is going to be sold, it would be this year because getting a higher price would be impossible in the future.
As it happens, CNRL was looking to do greenfield development of a new mine JP expansion 2, so Kearl would provide a great alternative that is ready to produce but without any engineering or regulatory hiccups.
Ahh yes, the illustrious-all-knowing automation lead. Listen, I have been at Kearl since 2013 and left two years ago. The number of oracle like contractors who walked through the door to the control room and spewed some nonsense about "a guy I know whos high up at X-Company" discussing the sale of Kearl was almost immeasurable. The worst, however, is the time-tested line "a cleaner overheard so-and-so talking, the cleaners are the ones who really know whats going on since they're in everyones offices."
These stupid folklore, adult telephone game like rumors only get worse when a pile of big wheels are seen touring the place. "Last week, there were ten executives here from Amazon, I saw Jeff Bezos myself, theyre probably gunna buy Kearl and use it to start Prime Gas Stations."
Kearl has been bought and sold in perpetuity if you listen to these losers, should be on its 69th owner by now. Has EM and IOL considered dumping Kearl? Yes. Have they considered laying it up for a few years? Yes. Is Kearl for sale? Probably. Has Kearl been sold? No one knows, especially not some automation loser. The only way anyone will ever know if Kearl sells will be when you wake up at 5am, scroll the news, and see that Kearl has been sold from an IOL press release made at 455am just like when Shell sold Albian.
ah, yes. The well placed automation lead that rubs shoulders with Murray Edwards.
@gh it's 18-20 percent at best with a government that doesn't give it's full support. Guyana and the Golden pass will eclipse Kearl and when it does, it'll be on the block.
Not yet. Not in this terrible investment environment. There have been talks before. its an option at a later date.
Heard similar rumours dozens of times. Don’t think ExxonMobil will give up 25% of its total reserve without taking a hit to its stock price. And, IOL will be reduced to nothing.
What automation lead ?
Username doesn’t check out