CRC?
13 replies (most recent on top)
Get your heads out of whatever…..SJV BU has been shrinking for last decade. Stop drinking that $hit. It’s making you dizzy.
CRC has to deal with Aera blow up first. Their musical chair is scheduled to start with lot less chairs. Buy tickets to watch the show.
SJV is the little engine that could! Regardless of California’s government, SJV still brings a boat load of cash to the company. SJV will continue to make adjustments and come up with new ideas in order to keep profitable! You can’t keep a great asset down! Plus SJV is going to be the model for future BU’s when they find themselves in the same challenges. Ground breakers!
LOL nobody is buying SJV. This BU is like that plant you thought you ki-led but gave a little water and keeps coming back. BU is on pace to give a cool BILLION back to the corp. Not only that, the field everyone thought was on the chopping block (SA) will be in portfolio for 6 more years. Forecast goals show cash positive till 2028. Wouldn’t be surprised if I saw an SJV/CPP merger.
I thought SJV was mostly onshore. Did that change?
I’ll go in halfsies with you!
I am. Did they not tell you?
Most likely divesting it’s hard working employees-at least those actually in the office working!
Pretty soon SJV will be the first BU completely operated by offshored workers. It’s the only way it can make money lulz
Can’t be sold…..too late!
Im sure there are plenty of buyers lining up for a heavy oil, high carbon intensity oil asset in California. Lol
Hess deal at this point is not worth it even if it happens today, paying 53 billion for a max 43 billion market cap ompany is a total waste of money. Their production in Bakken and Gouyana has been up drastically, meaning less reserves to start with. Chevron has to walk away at this point.
Not happening. There is more long term environmental liability costs than profit to be made. I’m not sure anyone would take it for free…or without full indemnity, which we would never let happen. As far as I can tell its operation is performative, and simply a way to delay the ARO nightmare
Have to divest something to get the Hess deal to go through….