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Marathon Oil Sells Stake in Canadian Oil Sands #4478171
08/03/17 11:29 AM
08/03/17 11:29 AM
Joined: Oct 2014
Posts: 2,538
San Antonio, TX
Nyogtha Offline OP
Nyogtha  Offline OP
Joined: Oct 2014
Posts: 2,538
San Antonio, TX
Marathon Oil sells its stake in a Canadian Oil Sands venture amid posting a loss.

Interesting since the Marathon Detroit refinery was revamped & expanded not long ago by Marathon Petroleum to allow higher processing rates of Canadian oil sands feedstocks.

https://www-chron-com.cdn.ampproject.org...he-11728462.php

Last edited by wwillson; 08/03/17 02:17 PM. Reason: subject clarification
Re: Marathon Oil Sells Stake in Canadian Oil Sands [Re: Nyogtha] #4478174
08/03/17 11:34 AM
08/03/17 11:34 AM
Joined: Feb 2015
Posts: 771
Sask, Canada
BrianF Online content
BrianF  Online Content
Joined: Feb 2015
Posts: 771
Sask, Canada
High cost of production against sustained low prices and the current political environment in the province. I would do the same if I was running the company.


2006 Trailblazer LT. QSUD with Fram Ultra.
2017 Ram 3500 SLT Megacab. Duron SHP 10w30 with Hastings LF608.
1993 GMC 1500. QSAD with Fram PH5
Re: Marathon Oil Sells Stake in Canadian Oil Sands [Re: Nyogtha] #4478238
08/03/17 12:43 PM
08/03/17 12:43 PM
Joined: Dec 2016
Posts: 7,132
Waco, TX
Linctex Offline
Linctex  Offline
Joined: Dec 2016
Posts: 7,132
Waco, TX
By the time other "easy" supplies become "depleted" and oil prices rise again,
the plant will need to e refurbished, as well.

Is the Tar Sands plant idle, or just running at minimum capacity?


"The evidence demands a verdict".
(Re:VOA)"it's nearly impossible to actually know the particular additives that are in there at what concentrations."
Re: Marathon Oil Sells Stake in Canadian Oil Sands [Re: Nyogtha] #4478311
08/03/17 02:06 PM
08/03/17 02:06 PM
Joined: Jan 2017
Posts: 1,139
USA
ArcticDriver Offline
ArcticDriver  Offline
Joined: Jan 2017
Posts: 1,139
USA
Several energy companies have let their leases expire.

Its a bad play.

Too much $$ to get it out of the ground at the current market. Doesn't it require about $85/bbl?

Heck, Keystone XL has FERC approval but no customers so Trans-Canada is SOL also.

People think US lawmakers determine what happens in the O&G Industry but its economy driven more than anything else.


Multiple Diesel and Gasoline vehicles

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