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Alberta

“It’s Canada’s Time to Shine” – CNRL’s $6.5 Billion Chevron Deal Extends Oil Sands Buying Spree

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From Energy Now

Canadian Natural Resources Ltd.’s $6.5 billion acquisition from Chevron Corp. marks the latest in a string of deals that has helped make it the country’s largest oil producer and brought Alberta’s massive oil sands deposits almost entirely under local control.

CNRL has feasted on the oil sands assets of foreign energy producers over the past decade, snapping up stakes and operations from Devon Energy Corp. and Shell Plc as they shifted away from the higher-cost, higher-emissions oil sands business. Investors have applauded the strategy, which allows CNRL to boost output and make the operations more efficient.

That trend continued on Monday, with CNRL shares climbing more than 4% after the deal with Chevron raised its stake in a key oil sands mine and a connected upgrading facility, while also adding natural gas assets in the Duvernay formation.

“These assets build on the robustness of Canadian Natural’s assets,” said CNRL President Scott Stauth said on a conference call Monday. The deal boosts CNRL’s stake in the Athabasca oil sands project, which it first bought from Shell in 2017, to 90% from 70%.

The acquisition was largely expected and boosts CNRL’s oil and gas output by roughly 9%, adding the equivalent of 122,500 barrels of oil production per day.

“It’s just been a matter of time,” Eight Capital analyst Phil Skolnick said by phone, noting that CNRL had been seen as the logical buyer for Chevron’s oil sands business.

While CNRL also boosted its dividend by 7% on Monday, Desjardins analyst Chris MacCulloch  cautioned the company’s additional debt to finance the acquisition “may disappoint some investors” given it plans to temporarily slow capital returns.

Still, MacCulloch said the deal is positive overall for CNRL as it further consolidates assets in the region. “There’s no place like home,” he wrote in a note.

Chevron, for its part, is the latest in a long line of US and international oil producers — such as BP Plc, TotalEnergies SE and Equinor ASA — that have shifted away from the oil sands after spending billions to build facilities in the heavy-oil formation. That has left the oil sands largely in the control of Canadian firms including CNRL, Suncor Energy Inc. and Cenovus Energy Inc.

“There’s no remaining, obvious assets available,” Ninepoint Partners partner and senior portfolio manager Eric Nuttall said after Monday’s deal. Ninepoint owns 3.1 million shares in CNRL, data compiled by Bloomberg show.

Many of those oil sands deals have been struck at prices that favor the Canadian buyers, which have consolidated land, reduced costs and boosted returns in recent years.

“It’s Canada’s time to shine,” Nuttall said, adding that he expects foreign investors will return to the country’s oil producers in the future.

Alberta

Charges dropped against 50 Freedom Convoy-inspired Coutts protest

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From LifeSiteNews

By Anthony Murdoch

The Government attempted to bring charges against individuals and companies who allegedly had equipment parked on and near the highway during the Coutts Freedom Convoy protest.

Some 50 truckers who protested COVID mandates by participating in the 2022 Freedom Convoy-inspired blockade protests at the Canadian-U.S. border with have seen their tickets dropped, the freedom-orientated legal group representing them has said.  

In a press release, The Democracy Fund (TDF) announced that in partnership with Williamson Law (WL) it was able to successfully “defend against tickets” issued under Canada’s Use of Highway and Rules of the Road Regulation and other regulatory statutes, for some 50 or so truckers who protested at the Coutts, Alberta border with the U.S. State of Montana in 2022. 

“WL lawyers requested disclosure and held multiple discussions with the Crown, resulting in the withdrawal of tickets for all but 11 cases,” noted TDF. 

As for the remaining 11 cases, the Crown was “determined to proceed” with them, so TDF with WL’s help “sought subpoenas for the Alberta Premier’s Office, Alberta Sheriffs, Edmonton Police Service, Criminal Intelligence Service Alberta (CISA), and Provincial Security and Intelligence Office (PSIO) to give evidence in respect of disclosure issues.” 

TDF observed that because of seeking the subpoenas, along with additional “discussions” with the defense counsel, it was able to “resolve” the 11 remaining tickets for only “$1 each.” 

“As a result, no client was convicted at trial and all matters were successfully resolved,” noted TDF. 

Lawyer Chad Williamson of WL reacted to the results saying it “represents an outstanding victory for civil liberty clients of The Democracy Fund.” 

“The Government attempted to bring charges against individuals and companies who allegedly had equipment parked on and near the highway during the Coutts Freedom Convoy protest. In the face of a robust and steadfast defence, we were successful in having close to 50 charges withdrawn immediately,” he said. 

Williamson added that when the Crown sought to “prosecute the remaining 11 truckers, we sought subpoenas for parties we believed had relevant knowledge of the underlying events.” 

“These cases show that a strong and vigorous defence is the best protection against charges levied by the Government against peaceful protestors.” 

While many Canadians who fought COVID fines, charges, and rules were successful in getting them overturned, others have not been successful.    

As reported by LifeSiteNews, a Trudeau-appointed judge recently sentenced two men involved in the same 2022 Freedom Convoy-inspired border blockade protest in Coutts, Alberta, to six years in prison.

Also, Canada’s Supreme Court recently decided it will not hear appeals to two high-profile cases brought forth by People’s Party of Canada (PPC) leader Maxime Bernier and former Premier of Newfoundland Brian Peckford. The pair had alleged their “Charter rights” were violated because of Prime Minister Justin Trudeau’s government’s COVID jab travel mandates, which banned the vaccine-free from flying.    

COVID vaccine mandates, which also came from provincial governments with the support of the federal government, split Canadian society. The mRNA shots have been linked to a multitude of negative and often severe side effects in children.   

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Alberta

Sun setting on AHS as first of four provincial health agencies, Primary Care Alberta set to launch

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Primary Care Alberta, the new provincial health agency overseeing and coordinating the delivery of primary health care services, will become operational later this fall.

Alberta’s government is taking action to refocus the health care system so that every Albertan has access to a primary health care provider and timely, high-quality primary health care, no matter where they live.

Alberta’s new primary care provincial health agency, Primary Care Alberta, will create a modern, more responsive and unified health care system that prioritizes patients, empowers front-line health care professionals and helps reduce pressures on the entire health system.

The immediate priority of Primary Care Alberta is to ensure every Albertan has access to high-quality primary care services in all areas of the province, so all Albertans and their families are supported in their day-to-day health needs through every stage of life. The new primary care agency will focus on supporting integrated teams of family physicians, nurse practitioners and pharmacists to provide patients with the best care possible.

“Standing up Primary Care Alberta is an important milestone in refocusing the health care system to put patients first and give our front-line experts the support they need to ensure Albertans are receiving the care they deserve.”

Adriana LaGrange, Minister of Health

Kim Simmonds, the current assistant deputy minister of strategic planning and performance at Alberta Health, will be appointed as chief executive officer of Primary Care Alberta. Simmonds brings a wealth of public and private sector experience to the role and has extensive experience working with stakeholders across the health care system. She has experience working with clinicians and understands the need for data and evidence-based decision-making when it comes to delivering primary care services to Albertans, no matter where they live.

“If primary care is to be the foundation on which the entire health system stands, every Albertan must have an ongoing connection and trusting relationship with a family doctor or health care team. They must belong to a health home where they are known and where they don’t have to tell their health story over and over again. There is much work to do in Alberta to achieve these goals, and I’m eager to get going to help make it happen.”

Kim Simmonds, incoming chief executive officer, Primary Care Alberta

Modernizing Alberta’s Primary Care System (MAPS)

In 2022, the Modernizing Alberta’s Primary Care System (MAPS) initiative was launched to recommend ways to strengthen Alberta’s primary health care system. Alberta’s government undertook extensive engagement with its primary care providers and stakeholders to develop a guide to strengthen primary health care in Alberta. The MAPS final report recommended creating a single governance structure that supports an integrated team of health care professionals with data sharing within and across sectors.

Improving the coordination and delivery of primary care was also something Alberta’s government heard during provincewide engagement sessions held earlier this year as part of efforts to engage with Albertans and health care professionals on how to refocus the health care system. This made-in-Alberta solution is the first of its kind to be established in a provincial health care system. The agency is a dedicated organization to support governance, oversight, delivery, operation and coordination, a significant step being taken to improve the quality of health care delivery in the province.

Quick facts

  • The Provincial Health Agencies Act enables the transition from one regional health authority, Alberta Health Services (AHS), to an integrated system of four sector-based provincial health agencies: primary care, acute care, continuing care, and mental health and addiction.
  • The agencies will be responsible for delivering integrated health services, ensuring Albertans receive timely access to care regardless of where they live.
  • Some of Primary Care Alberta’s longer-term priorities include:
    • Engaging physicians and providing leadership opportunities to lead their peers through the change process.
    • Incentivizing care models that improve health outcomes and patient experience.
    • Providing tools to primary care providers, such as enhancing the current Find a Doctor website and e-Referral, that benefit both providers and patients.
    • Setting standards for primary care so Albertans have consistent services.
    • Funding primary care networks that bring practitioners together to implement provincial initiatives and address regional needs.
    • Developing chronic disease care models to reduce the burden of chronic disease on patients and the health care system.
  • More than 30,000 Albertans have had the opportunity to share their thoughts and ideas directly on the refocusing through in-person engagement sessions, online feedback forms and telephone townhalls.
    • In addition to public engagement sessions, dedicated engagements were held with Indigenous communities, the francophone community and other key health partners.

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