FULL DISCLOSURE: Canacom Group is long the equity of Record Resources.
In this conversation with Michael Judson, Chairman & CEO of Record Resources Inc. (TSXV: REC), we dig into how a little-known junior oil company became part of a major deal with Recon Africa and the government of Gabon. Michael explains how Record secured a fully funded carried interest, what it means for shareholders, and where this story could lead next.
If you want grounded conversations that connect the dots behind market-moving stories, subscribe and be part of the discussion.
FULL DISCLOSURE: Canacom Group, the parent company of The Deep Dive, is long the equity of Record Resources Inc. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
2 Responses
Oil Supply is reaching “Glut” Capacity!
Once Venezuela gets back to Normal, (time will “Fix” that problem), Russia’s Deal w’ China via a 2nd “Chiberia” Pipeline thusly giving China all the “Petroleum & Gas they will ever need” as the (5-10-25yr) Chinese Electrification Plan barrels forward, 5-YEARS AHEAD OF SCHEDULE.
GLOBAL OIL Demand is plateauing as we reach Peak Demand in the Next 5 Years, before Global Electrification takes hold of 50-60-70% of Overall Energy consumption. Consumption that will focus on “Point of Use” power generation.
Add New Energy Sources like Micro-Nuclear, Cheap Solar-Wind-Thermal (w’ R.O.I.’s of 7-10 years), new Tech like Tidal & Fusion being inevitable… and $50Billion Pipelines finished in 2035, Demand Answers to Key Questions:
1- In the future, Who will have PAID for the $50-Billion Pipeline to Northern B.C.? (If TMX cost $34-Billion by 2021, costs in the next 10-Years means $50Bil is conservative)… Be Specific.
2- In 2035, who will pay the $40/Barrel it costs per Barrel of In-situ-AB-Heavy-Crude (more if mined & this is 10-yrs from now!), PLUS the $10-15-20/barrel cost to “Pipeline” to the Coast, AND then pay $3-9/Barrel cost to “Ship” by Heavy Tanker to Asia…
A Barrel of AB-Heavy-Crude will have a “Break-Even” Cost (minimum!!!) of $50-60 per BARREL… just to get it to the Coast… Who will Pay that $55-65-minimum Price to deliver to Their Market?
3-When costs to Produce a Barrel of Crude in Saudi Arabia, Russia and Venezuela are at Peak Efficiency, Their “Costs” are on the lower-end of $5-25/barrel… how can Alberta Compete with that… in 2035?
Asking sincerely here.
Not sure where you’re getting your numbers from. But breakeven in the Permian is ~$61-65 today. Alberta oil sands breakeven right now is $41-43. So I’m not certain you’re educated in this field of discussion.