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DewDiligence

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DewDiligence

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Re: OakesCS post# 4629

Thursday, 05/17/2012 5:59:01 PM

Thursday, May 17, 2012 5:59:01 PM

Post# of 29422
Shell takes 40% stake in Canadian LNG project:

http://online.wsj.com/article/SB10001424052702303448404577407661418316198.html

LNG Canada would operate a two-train export terminal in Kitimat [BC], transporting 12 million tons a year initially. A final investment decision is slated for 2015, with exports to begin by 2019 and potentially rise to 24 million tons. Shell has a 40% stake. The three Asian companies [Misubishi, Korea Gas, and PetroChina] have 20% each.

As has been noted on this board, if the US doesn’t want the oil from Canada’s oilsands, someone else will.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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