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Strategies & Market Trends : Underexposed Technical Analysis -- Ignore unavailable to you. Want to Upgrade?

To: toccodolce who wrote (668)	12/6/2019 10:53:53 AM
From: Underexposed	1 Recommendation Recommended By toccodolce Read Replies (1) \| Respond to of 914

Hi Tocco What an explosive move after a wacky consolidation. Well the explosion continues....the market is only 30 mins olf and we have gained another $0.30. Again we are high above the upper bollie so a pullback is coming in the next 2 days...maybe 3 to pull the price under the Upper bollie level. Of course the ideal reentry would be a slower positive diagonal the worst would be a plummet... I don't see dangers of that plummet though. It's a shame that Encana left due to hostile federal business conditions I live in Calgary and I did not see a particularly.Federal target at Encana. They are not involved with the TransMountain expansion or other proposals of pipelines...nothing more than any other company in Alberta. The difficulty for Encana was that most of their business was in the USA....not in Canada...at least now because of oil pricing difficulties. Being based out of Calgary they were far from investment resources. Moving down to Denver (I think that is where they are now) and changing their name I suppose gives them a cleaner sheet. Encana has had several major pipeline oil spills in several states. Shipping bitumen is VERY hard on pipelines. 1. A diluent has to be added just to thin out the bitumen enough to move down the line 2. Bitumen is not all that toxic by itself.... the diluent is extremely toxic and is removed at the final destination 3. High pressure is required to move that slurry... much higher than normal and I heard several years ago that they used thinner steel than normal to construct that bitumen line .... a mistake IMHO 4. Bitumen is not clean... there is a small gravel in with the tarry oil... Actually this is desired for asphalt applications (China likes that apparently...more on that later) 5. As this gravel moves down the pipeline it falls to the bottom and can score the inside of the pipe. This is not advertised but I was talking to a petroleum engineer and he mentioned it. So transportation of Bitumen by pipeline is not a very good method. One way to avoid this is to refine the bitumen to heavy crude which would be value added... the USA doesn't want that apparently... They want the value added apparently Another way is to ship the Bitumen as a SOLID. I may have touched on this a month ago but it bears repeating. There are a couple of companies experimenting with this in Alberta....it is cutting edge. One company is making hockey puck sized solid bitumen but I like the idea by a company called BitCrude this is a link to a newspaper article on the subject. BitCrude trial in China What BitCrude does is put raw bitumen in shipping containers with NO diluent..... cheaper to ship and the containers can be shipped by truck or rail...all of the infrastructure is already there for shipping containers. If the bitcrude lands in water, it floats...easy recovery...and is non toxic. No special permits required to transfer and ship on container ships or rail.... They have made a test shipment of one container of 130 barrels of bitumen to a refinery in China. Apparently it can be converted to asphalt in a snap and China requires tons of the stuff. These are all private companies doing this right now but if accepted it could be worth millions to investors.... I am watching this situation closely. No environmental studies, no problems with reservations (the rail lines already exist)...a win all around and it is an Alberta technology.... it would be a great boost to our economy. UE