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Probably different methodologies. For example, an investor could buy 20% of a company for $1M, implying a $5M valuation. Another investor could buy 50% of a company for $1M, implying a $2M valuation. Are both investments valued at $1M, or is one at $5M and the other at $2M?
www.cnn.com
torontosun.com
LILLEY: Trudeau dropped the ball in Europe on oil production, he needs to get this right
When the time came for Prime Minister Justin Trudeau to stand up for Canada as an energy superpower and say that we would do everything we could to increase…
No surprise here. After making a big deal last fall about putting a cap on oil and gas emissions, Trudeau is loathe to offering up more oil and gas to Europe (or the U.S. or to anyone).
When asked by a reporter if Canada is willing to step up to help Europe, he gave his usual 'bullshit' answer that had nothing to do with the question. He is still on this 'having Canadians backs' through COVID thing. No ....Canada won't increase production of oil and gas if Trudeau has anything to say about it.
nationalpost.com
The whole LNG supply chain could be re-engineered with US supplying Europe out of the Gulf Coast and Canada supplying Japan and Korea out of the west coast. Shipping Canadian gas to the East Coast would be inefficient and take many years to build the required infrastructure. Shipping LNG from the west coast to Europe requires a circuitous route through the Panama Canal.
The US doesn't have any pipelines to the Pacific coast, which is why TMX is so important:What if Moscow turns off the gas as the Ukraine conflict deepens? | CNN Business
If Russia halts its supply of gas to Europe to retaliate against the punishing sanctions for its invasion of Ukraine, the region should still be able to make it through next winter. But it won't be easy or cheap.
This is why pipelines and other energy infrastructure (i.e LNG plants) matter. Europe imports 60% of their fossil fuel needs from Russia. Should Russian turn off the taps to Europe, Canada would be in the position to supply some of those needs ... IF we had a pipeline to the east coast (Energy East) or at the very least south to the Gulf (Keystone XL). Our one LNG plant in Kitimat was commissioned late in the game (2018), will not be operating until at least 2025 and it is located on the west coast as is the TMX pipeline. Not as convenient to Europe unfortunately.
The U.S. who had the foresight already have several LNG plants both in the Gulf and on the East Coast. They also have pipelines east to west. They will be in much better position to supply Europe with liquid natural gas and oil if they can spare it (watch for that to come back).
First, the Post is an atrocious group of publications. I know it's Alberta, but come on - we have to realize there's no feasible way of getting it to Europe in time to make a difference.FIRST READING: Europe rolls its eyes at Justin Trudeau
... but the Queen was nice to him
It's not about getting supply to Europe to solve the immediate crisis. It's about ensuring that our allies are not beholden to dictators to meet their ongoing energy needs (that will continue to grow for the foreseeable future). It took a war waged by a Bond villain, but we are finally seeing signs that the fog of energy ignorance is lifting for the average joe on the Clapham Omnibus.
Not convinced that even our esteemed PM knows this one.
I was actually on the KXL project doing preliminary land surveys on the Saskatchewan side until the Biden Admin cancelled it. Reality is setting in for people who were originally opponents to the project and that's at least good to see. It's clear that we took relative global peace for granted and became comfortable and naive enough to ignore these large issues. Canada needs to build and drastically reduce red tape to become a much richer and stronger country. The Ukrainian war has been a wakeup call, not only to Canada, but to all nations to take advantage of their assets and grow stronger. Don't forget, we border with Russia. And we have forever value-increasing mega assets in the arctic.
He's been doing that since day one. I don't know how anybody can actually listen to the guy speak. He talks a lot, but sure as hell doesn't say anything. I just want to bang my head against the wall when he's talking. I lose brain cells just listening to him.
You are absolutely correct. Unfortunately, the Trudeau administration introduced more red tape for any new energy and mining projects with bill C69.This, without any transition plan from fossil fuels to renewables. Their vision is simple ... "Fossil fuels ... bad. Renewables .... good".
