I talk about Canadian π¨π¦ Oil | Low cost-of-supply permabull | Won some cool awards π | Not a qualified financial advisor, but a very qualified SAGD expert β¨οΈ
Joined May 2020
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When steam is injected into the reservoir in its vapor phase, it transfers heat to the surrounding viscous oil primarily through conduction, thereby mobilizing the oil for production. Once the heat has been transferred, the steam condenses into liquid water, which is then produced to the surface along with the oil, forming a mixture known as an emulsion. Engineers carefully ensure that the vapor injection occurs on the appropriate side of the phase curve, based on the reservoirβs specific pressure and temperature conditions. After injection, thermodynamics govern the process, causing the steam to condense into liquid water.ββββββββββββββββββββββββββββββββββββπ«‘πͺ
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Good morning to all friends that love Canadian innovation and realize that 80% of the π¨π¦ oil sands are buried too deep for open pit mining and can only be accessed through in-situ methods such as Steam Assisted Gravity Drainage (SAGD). Only nowβ¦looking back, I realize I was part of something so important optimizing these extraction technologies, current production >1.7 million bbl/d π¨π¦π«‘πͺ
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We are hearing an increasing number of CEOs speaking out against uneconomic projects, regulatory uncertainty before committing capital expenditures, and unfair tax regulations relatively to neighboring countries... I must admit that the issue of companies spending shareholder cash on uneconomic initiatives, such as carbon capture, has long been a major concern for me as a sector investor. I often worried whether these leaders might make foolish decisions under pressure with my capital. What is unfolding now feels very bullish, as common sense appears to be returning and business leaders are openly communicating their frustrations with government policies and forced projects. I am far more excited about the path forward. There is no need for carbon capture as I explain in my open letter below (1/2)
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Alex Filstein: Open Letter to CEOs: Request to Reevaluate, Postpone or Reconsider the Canada Pathways CCUS Project pipelineonline.ca/alex-filstβ¦
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Damnnnn ππͺ
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Razor Oil retweeted
Grifters will always exist but they fade at some point lots of these grifters are starting to be exposed in other fields by the real McCoyβs and people are catching on. Same with this sector
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Razor Oil retweeted
This is what dreams are made of
US VP Vance: Iran deal could come in a week, or months, Iran deal will definitely come before midterms - CBS
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RT @HFI_Research: Bro, at least change the fucking layout.
Jesus Christ, and itβs clearly not your forecast.
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Razor Oil retweeted
Jun 9
What are we doing here man?
Do your own analysis, donβt copy the charts.
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In the image, we can see the largest Strategic Petroleum Reserve (SPR) site in the United States: the Bryan Mound facility, known as the granddaddy of the reserves, featuring 20 caverns with a total storage capacity of 235 million barrels.
The caverns are designed with larger tops to facilitate future oil drawdowns, allowing raw water to be injected more easily to displace and remove the oil. The caverns also exhibit varying shapes because the salt removed during their initial creation dissolves at different rates due to local heterogeneities in the formation and variations in dissolution dynamics.ββββββββββββββββββββββββββββββββββββββββββββββββββ
If we continue drawing the ENTIRE US SPR at this rateβ¦. in about 10 weeksβthe volume equivalent to these cavern below will be left, roughly 235 million barrels out of the roughly 700 million barrels that could be stored across all SPR sites. π«‘πͺ
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For those wondering about Canadian and Venezuelan oil being described as having high density or low API gravity, API gravity is an arbitrary scale that measures the density of liquid petroleum products, expressed in degrees API.
The higher the API gravity value, the lighter (less dense) the crude oil; conversely, lower values indicate heavier (more dense) oil.
Light crudes typically exceed 38 degrees API πΊπΈ, heavy crudes are generally those with 22 degrees API or below this is π»πͺπ¨π¦, and intermediate crudes fall between 22 and 38 degrees API.
In the video see why itβs tough to produce, ship and refine??? Super heavy and viscous like maple syrup π«‘πͺ
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The Apr-26 reported monthly OIL production rate for $CNQ.TO CANADIAN NATURAL RESOURCES LIMITED JASKFISH SAGD asset was 115,258 bbl/d. Previous month oil production was 134,835 bbl/d, yielding change in production oil rate of -14.5%. The average injected STEAM rate was 238,541 bbl/d from the identified 226 SAGD injectors, with overall Steam to Oil Ratio of 2.0 Source: AER, Petrinex π«‘πͺ
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The Apr-26 reported monthly OIL production rate for CONNACHER OIL AND GAS LIMITED GREAT DIVIDE SAGD asset was 18,265 bbl/d. Previous month oil production was 18,466 bbl/d, yielding change in production oil rate of -1%. The average injected STEAM rate was 56,904 bbl/d from the identified 46 SAGD injectors, with overall Steam to Oil Ratio of 3.1 Source: AER, Petrinex π«‘πͺ
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