GasBuddy Blog

GasBuddy News Article

votes

Why Canadian Natural is bullish on oil, with or without Keystone XL

Financial Post -- Canadian Natural Resources Ltd. is betting the Keystone XL pipeline will eventually get the go-ahead and believes the deep discounting on Canadian oil caused by pipeline bottlenecks is already on its way out.

Even if it’s wrong about Keystone XL, the large heavy oil producer said it will push ahead with other transportation options before dialing down its oil growth plans, backing up what the U.S. State Department said last week in its environmental assessment of the proposed pipeline from Alberta to the U.S. Gulf — that Canada’s oil will be produced, no matter what.

Of course, oil companies have been wrong before. But if Canadian Natural is right this time, it would mean the end of an 18-month chapter that started with rejection of the pipeline by the U.S. president, under pressure from

Read the Full Article

Submitted Mar 08, 2013 By: Nicoalbum

Back To News

Category: Daily News Article Discussions > Topics	Add to favorite topics

Author	Topic: Why Canadian Natural is bullish on oil, with or without Keystone XL	Post a Reply Back to Topics

REPLIES (newest first)Ignore Short Messages

First

Next Last

honda0105 Champion Author Tallahassee Posts:18,632 Points:1,610,495 Joined:Nov 2008	Message Posted: Mar 12, 2013 3:59:42 AM Ignore honda0105 Report Abuse FrankLee: good point and indeed, tar sands are even more extracted b/c oil need to be steamed out of the base.
FrankLee1 Sophomore Author Minnesota Posts:179 Points:10,340 Joined:Feb 2013	Message Posted: Mar 9, 2013 6:11:14 PM Ignore FrankLee1 Report Abuse I strongly disagree when the media says oil is "produced"- IT'S NOT; IT'S EXTRACTED... from a pool that is finite for all practical purposes.
otherdave Champion Author Indiana Posts:3,398 Points:1,270,135 Joined:Oct 2008	Message Posted: Mar 9, 2013 5:09:11 AM Ignore otherdave Report Abuse ok
NedW Champion Author Indianapolis Posts:5,625 Points:1,144,195 Joined:Mar 2008	Message Posted: Mar 9, 2013 4:10:05 AM Ignore NedW Report Abuse Thank you for submitting this article, Nicoalbum.
wshutton Champion Author Los Angeles Posts:1,677 Points:926,145 Joined:Mar 2009	Message Posted: Mar 8, 2013 11:50:39 PM Ignore wshutton Report Abuse Oil always finds a way.
MAC48 Champion Author Dallas Posts:1,549 Points:767,755 Joined:Dec 2006	Message Posted: Mar 8, 2013 10:56:38 PM Ignore MAC48 Report Abuse Keep the faith Canadian oil interest. Your crude oil production will get to markets as soon as new pipelines are built to the south (Keystone XL) or to the East or to the West or maybe all three directions.
rahcat Champion Author Grand Rapids Posts:2,478 Points:664,150 Joined:Jan 2010	Message Posted: Mar 8, 2013 10:32:47 PM Ignore rahcat Report Abuse Keystone XL will never be approved by Obama and his EPA minions.
Focus2 Champion Author Illinois Posts:7,892 Points:1,919,465 Joined:Mar 2006	Message Posted: Mar 8, 2013 10:29:28 PM Ignore Focus2 Report Abuse Deep discounted Canadian Bitumen or tar sands oil to the Wood River refinery did nothing to bring down prices at the pump here in Illinois!
preacherjohn Champion Author Modesto Posts:3,994 Points:1,920,715 Joined:May 2006	Message Posted: Mar 8, 2013 10:26:19 PM Ignore preacherjohn Report Abuse Money talks..
crreed1 Champion Author West Virginia Posts:1,995 Points:2,528,285 Joined:May 2005	Message Posted: Mar 8, 2013 10:25:33 PM Ignore crreed1 Report Abuse sounds like BS
mlmeng Champion Author Michigan Posts:1,640 Points:592,785 Joined:Mar 2011	Message Posted: Mar 8, 2013 10:22:54 PM Ignore mlmeng Report Abuse Someone will make money.
Tsunamiron Champion Author Jacksonville Posts:1,434 Points:558,800 Joined:Mar 2011	Message Posted: Mar 8, 2013 10:22:19 PM Ignore Tsunamiron Report Abuse I don't really care any more. I want a plug-in electric vehicle.
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Mar 8, 2013 10:18:51 PM Ignore tedjm1 Report Abuse Joint venture?
EVBuddy Champion Author Nevada Posts:16,695 Points:3,032,570 Joined:Sep 2004	Message Posted: Mar 8, 2013 10:18:50 PM Ignore EVBuddy Report Abuse SOme people are bullish
granitestater Champion Author New Hampshire Posts:8,836 Points:1,432,700 Joined:Oct 2008	Message Posted: Mar 8, 2013 10:16:47 PM Ignore granitestater Report Abuse Keystone XL and Canadian Natural? Is this a story about beer??
mcbrownie220 Sophomore Author Toledo Posts:225 Points:155,125 Joined:Jun 2012	Message Posted: Mar 8, 2013 10:13:20 PM Ignore mcbrownie220 Report Abuse ok
yyc2yow All-Star Author Ottawa Posts:658 Points:571,310 Joined:Dec 2009	Message Posted: Mar 8, 2013 10:12:22 PM Ignore yyc2yow Report Abuse We should build our own refineries up here! I agree with this comment
obimerrill Champion Author Cincinnati Posts:1,445 Points:290,690 Joined:Jul 2012	Message Posted: Mar 8, 2013 10:12:09 PM Ignore obimerrill Report Abuse Of course...they can sell it for higher And or sell more of it so they make out either way!
PrinceLH Champion Author Ontario Posts:2,702 Points:539,995 Joined:Jun 2011	Message Posted: Mar 8, 2013 10:11:32 PM Ignore PrinceLH Report Abuse We should build our own refineries up here!
Aviator_Rob Champion Author New York Posts:3,805 Points:415,065 Joined:Mar 2012	Message Posted: Mar 8, 2013 10:09:50 PM Ignore Aviator_Rob Report Abuse @OGW, you just argued against your own position. One factor that's keeping crude prices down in the northern plains states is the fact that there's a glut of Alberta oil that is landlocked. If it does get out, gas prices WILL go up in that region of the country. Why would we want to help that along with Keystone??? We do not and never had a sweetheart deal for Alberta tar sands at a discounted price. Canada wants top dollar for that semi-solid asphalt they call tar sands. It's not a matter of Canada being forced to sell overseas. They WANT to sell it overseas. They want the most money possible for it, even if it means we have to pay more, too. Now, why would we want to help them???
SteelPenny Champion Author Dallas Posts:30,982 Points:2,608,690 Joined:Sep 2005	Message Posted: Mar 8, 2013 10:08:35 PM Ignore SteelPenny Report Abuse Go for it Canada.
Robert44 Champion Author Columbus Posts:3,581 Points:1,221,760 Joined:Mar 2004	Message Posted: Mar 8, 2013 10:08:31 PM Ignore Robert44 Report Abuse Drill Baby Drill!!!
DrLyon Champion Author Michigan Posts:6,655 Points:1,212,805 Joined:May 2006	Message Posted: Mar 8, 2013 10:06:58 PM Ignore DrLyon Report Abuse Good....
Bubba44612 Champion Author Ohio Posts:7,401 Points:1,878,055 Joined:Aug 2005	Message Posted: Mar 8, 2013 10:06:39 PM Ignore Bubba44612 Report Abuse All that oil is going to China anyways.
yakstar Champion Author Montreal Posts:2,430 Points:480,845 Joined:Jan 2012	Message Posted: Mar 8, 2013 10:06:11 PM Ignore yakstar Report Abuse what me worry?
JasTheAce All-Star Author Raleigh Posts:980 Points:174,285 Joined:Nov 2012	Message Posted: Mar 8, 2013 10:05:00 PM Ignore JasTheAce Report Abuse good for them
HEBster Champion Author Kentucky Posts:8,793 Points:2,375,000 Joined:May 2006	Message Posted: Mar 8, 2013 10:04:50 PM Ignore HEBster Report Abuse It works!
OGW Champion Author London Posts:5,329 Points:1,532,975 Joined:Sep 2005	Message Posted: Mar 8, 2013 10:02:36 PM Ignore OGW Report Abuse Contrary to what some say, the Keystone XL pipeline is a game saver for Americans. American companies are exporting their own domestic prodution in record quantities which will push prices up at home even more. Canada has countries knocking on their door for their Alberta oil but they would rather sell it to a friendly nation and that discounted Alberta oil has been keeping American consumer's prices in check. If the Canadians have to sell it overseas then domestic US prices will radidly climb as the world market is much more expensive and Canada would make more money selling it elsewhere. One way or another the Canadian oil will be sold and if not to the US, then it will be America who will feel the pain not Canada.
Toppers Champion Author Atlanta Posts:9,022 Points:2,472,645 Joined:Mar 2005	Message Posted: Mar 8, 2013 10:00:59 PM Ignore Toppers Report Abuse Good for business!
Tigrelily All-Star Author Illinois Posts:505 Points:198,195 Joined:Nov 2011	Message Posted: Mar 8, 2013 10:00:25 PM Ignore Tigrelily Report Abuse Let them find other ways to transport their oil. How much of a fight would they give us if the situation was reversed?
Ticoman54 Champion Author Miami Posts:7,046 Points:1,492,770 Joined:Oct 2008	Message Posted: Mar 8, 2013 9:59:58 PM Ignore Ticoman54 Report Abuse I hope they are bullish without Obama's support...
Jeffro61 Champion Author Cleveland Posts:2,277 Points:2,286,845 Joined:Oct 2005	Message Posted: Mar 8, 2013 9:50:46 PM Ignore Jeffro61 Report Abuse Ok
N4PIP All-Star Author Miami Posts:910 Points:420,405 Joined:Jan 2012	Message Posted: Mar 8, 2013 9:49:58 PM Ignore N4PIP Report Abuse The Keystone XL pipeline is a bad deal for America. We're getting nothing in return for sacrificing land. The Canadian oil will be exported outside of North America.
Dragnet Champion Author Arizona Posts:15,411 Points:2,909,735 Joined:Jul 2004	Message Posted: Mar 8, 2013 9:48:29 PM Ignore Dragnet Report Abuse It's all about politics and the crappy leadership in Washington
Aviator_Rob Champion Author New York Posts:3,805 Points:415,065 Joined:Mar 2012	Message Posted: Mar 8, 2013 9:46:11 PM Ignore Aviator_Rob Report Abuse Boy, the Internet trolls are even more ignorant than usual tonight. Here's an idea. How about they all go to this website: http://greedylyingbastards.com/ Maybe after seeing the movie trailer, their heads will explode.
rawdog1313 Champion Author Lexington Posts:3,309 Points:1,644,755 Joined:May 2008	Message Posted: Mar 8, 2013 9:42:53 PM Ignore rawdog1313 Report Abuse Regulate Oil Speculation!
REKEY Champion Author South Carolina Posts:8,584 Points:1,700,390 Joined:May 2008	Message Posted: Mar 8, 2013 9:41:58 PM Ignore REKEY Report Abuse greed!
postcard9 All-Star Author Massachusetts Posts:883 Points:515,445 Joined:May 2011	Message Posted: Mar 8, 2013 9:41:53 PM Ignore postcard9 Report Abuse When will America get on board?
Aviator_Rob Champion Author New York Posts:3,805 Points:415,065 Joined:Mar 2012	Message Posted: Mar 8, 2013 9:41:39 PM Ignore Aviator_Rob Report Abuse Once again, @wayoung56 is spouting more nonsense. It appears he has a limitless supply. Is that what gets you out of bed in the morning, wayoung? [Edited by: Aviator_Rob at 3/8/2013 11:42:24 PM EST]
Aviator_Rob Champion Author New York Posts:3,805 Points:415,065 Joined:Mar 2012	Message Posted: Mar 8, 2013 9:40:00 PM Ignore Aviator_Rob Report Abuse Sorry, @crmedic. Oil that's destined for the international export market will do nothing to lower gas prices here. Make the tar sands people pipe the oil east or west. If it spills, it'll be their problem. Americans won't get anything out of a pipeline to the Gulf. All that Canadian crud is bound for China.
nimpy Champion Author Indianapolis Posts:8,145 Points:1,703,055 Joined:Oct 2007	Message Posted: Mar 8, 2013 9:39:20 PM Ignore nimpy Report Abuse This is good
Blue48 Champion Author Illinois Posts:7,315 Points:1,639,895 Joined:Feb 2007	Message Posted: Mar 8, 2013 9:38:35 PM Ignore Blue48 Report Abuse WE LOVE YOU..YOU CRAZY CANADIANS!
crmedic Champion Author Arkansas Posts:2,678 Points:225,125 Joined:Jul 2011	Message Posted: Mar 8, 2013 9:32:06 PM Ignore crmedic Report Abuse They are gonna sell the oil one way or another. It will be cheaper to ship it via pipeline which would theoretically make gas prices lower.
Doomsday64 All-Star Author Austin Posts:869 Points:337,980 Joined:Apr 2011	Message Posted: Mar 8, 2013 9:31:19 PM Ignore Doomsday64 Report Abuse Someone will buy it for sure.
Math6149 All-Star Author Jacksonville Posts:873 Points:1,797,250 Joined:Jan 2007	Message Posted: Mar 8, 2013 9:29:11 PM Ignore Math6149 Report Abuse Because it makes money for them.
bouncing4fun All-Star Author Sacramento Posts:588 Points:145,335 Joined:Jun 2012	Message Posted: Mar 8, 2013 9:27:42 PM Ignore bouncing4fun Report Abuse ok
hcivic Champion Author Virginia Posts:3,859 Points:2,266,690 Joined:Aug 2005	Message Posted: Mar 8, 2013 9:26:24 PM Ignore hcivic Report Abuse the XL pipeline will eventually get the go-ahead
F34RL3SSNIT3 Veteran Author Austin Posts:368 Points:74,010 Joined:Mar 2013	Message Posted: Mar 8, 2013 9:23:15 PM Ignore F34RL3SSNIT3 Report Abuse Interesting
granitestater Champion Author New Hampshire Posts:8,836 Points:1,432,700 Joined:Oct 2008	Message Posted: Mar 8, 2013 9:22:30 PM Ignore granitestater Report Abuse That raises the question: What's the difference between Canadian beer and Canadian oil? --The oil tastes better!
SavALot Champion Author Virginia Beach Posts:8,479 Points:1,712,810 Joined:Apr 2005	Message Posted: Mar 8, 2013 9:16:59 PM Ignore SavALot Report Abuse it's all relative though...