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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.

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Alberta

Alberta health ministry to ‘consider’ report calling for end to COVID shots for healthy kids

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From LifeSiteNews

By Anthony Murdoch

The report recommended halting “the use of COVID-19 vaccines without full disclosure of their potential risks” as well as outright ending their use “for healthy children and teenagers as other jurisdictions have done,” mentioning countries like “Denmark, Sweden, Norway, Finland, and the U.K.”

Alberta’s health minister says she will “consider” the findings of a report published last week which recommends the immediate halt of the COVID shots for healthy children and teenagers. 

In a statement sent to the media, the office of Alberta’s Health Minister Adriana LaGrange said that the provincial government will “review and consider this report and its findings,” while at the same time noting that “no policy decisions have been made in relation to it at this time.” 

The statement came in reference to the Alberta COVID-19 Pandemic Data Review Task Force’s “COVID Pandemic Response” 269-page final report, which was released last Friday. The report, which was commissioned by Premier Danielle Smith, recommended the halting of “the use of COVID-19 vaccines without full disclosure of their potential risks” as well as outright ending their use “for healthy children and teenagers as other jurisdictions have done,” mentioning countries like “Denmark, Sweden, Norway, Finland, and the U.K.” 

LaGrange’s office noted that the report’s findings build on efforts it says the government has already made to “enhance Alberta’s ability to respond to future public emergencies.” 

Among the recommendations of the task force was the call to “[f]urther research to establish the safety and efficacy of COVID-19 vaccines is necessary before widespread use in adults and children,” the establishment of “a website and/or call-in center for the vaccine injured in Alberta” as well as establishing a “mechanism for opting out of federal health policy until provincial due process has been satisfied.” 

The report also noted that “[c]hildren and teenagers have a very low risk of serious illness from COVID-19. COVID-19 vaccines were not designed to halt transmission and there is a lack of reliable data showing that the vaccines protect children from severe COVID-19.”   

It is worth noting that Alberta Health Services (AHS) is still promoting the COVID shots for babies as young as six months old.  

LifeSiteNews has published an extensive amount of research on the dangers of the experimental COVID mRNA jabs, which include heart damage and blood clots.   

The mRNA shots have also been linked to a multitude of negative and often severe side effects in children and all have connections to cell lines derived from aborted babies.    

Danielle Smith still silent on report

At the time of publication, Premier Danielle Smith has still not commented on the bombshell report.

Smith’s lack of commentary on the issue comes despite the fact that she was the one who commissioned the report last year, giving the task force a sweeping mandate to investigation her predecessor’s COVID-era mandates and policies.

After assuming her role as premier in late 2022, Smith promptly fired the province’s top doctor, Deena Hinshaw, and the entire AHS board of directors, all of whom oversaw the implementation of COVID mandates.   

Under Smith’s predecessor Jason Kenney, thousands of nurses, doctors, and other healthcare and government workers lost their jobs for choosing to not get the jabs, leading Smith to say – only minutes after being sworn in – that over the past year the “unvaccinated” were the “most discriminated against” group of people in her lifetime.

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Alberta

UCP Calgary-Lougheed riding calls for response to the Dr. Gary Davidson COVID 19 Task Force Review

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From Sheldon Yakiwchuk

By Darrell Komick, President, UCP Calgary-Lougheed

 

The flood of questions regarding the UCP Calgary-Lougheed response to the Dr. Gary Davidson COVID 19 Task Force report is encouraging. To think that so many Canadians have risked so much speaking out about the COVID 19 mandates is astounding. Dr. Davidson’s report is the validation that Premier Smith needs to marshal support from cabinet. Our structure of government requires support from the Alberta Caucus and Cabinet.

It’s clear, Premier Smith has the knowledge, let’s support her will to lead with action.

Our community of curious minds and critical thinkers is working to educate and inform Albertans about the long term impacts of the COVID mandates. This is a war of persistence, attrition, and faith. Join us in supporting Premier Smith to call on the Alberta cabinet to activate the recommendations for the “healing of humanity”.

Here are four important talking points. Our friends in UCP Highwood CA led by Helen Holder, have created a quick to reference chart as to the major points and the associated recommendations. This chart is attached. I have also included the logo and details about An Injection of Truth: Healing Humanity.

Albertans need to thank the leadership of Premier Smith for calling commissioning the Dr. Gary Davidson Report, the findings and recommendations of the report are shocking. We call upon cabinet to follow the leadership of the Premier and immediately activate the Davidson recommendations starting with the halting of COVID mNRA vaccinations for children in Alberta.

Dr. Davidson’s report validates the data presented at the June 17 An Injection of Truth Town Hall by Canadian scientists like Dr. David Speicher, Dr. Jessica Rose, & Dr. Byram Bridle. These experts have been using government, industry and research data to sound a critical alarm to all Albertans hoping that cabinet will take leadership like has been done in the state of Florida.

Forward thinking Albertans have planned a second town hall on March 3, 2025 An Injection of Truth: Healing Humanity that calls upon experts to provide recommendations to heal individuals and society inflicted by the harms of the COVID mandates. (Get your tickets →HERE)

When do we acknowledge that there is a problem? How do we help Albertans understand the source of suffering? How can we provide emotional support for those living with the trauma of long COVID? How do we make society whole again? How long will it take the Alberta cabinet to act on the recommendations of the Davidson report?

Be Strong. Be Free. Be Bold.

Darrell Komick, President

UCP Calgary-Lougheed

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