Those That Believe That Pipelines are or can Solve Canada’s Petroleum Product Marketing Problems Just Do Not Understand the Problem.

Canada is world’s biggest oil loser by buying high, selling low

“Some notably Canadian oil companies, such as Suncor, Canadian Oil Sands and Husky, are predominantly owned by non-Canadians,” said the report. “The data also shows us that more than half of Canada’s oil and gas revenue goes to foreign entities.”

The Bottom Line; as is true for almost everything in Canada: When it comes to oil/petroleum resources,

CANADIANS OWN FUCK ALL
It's all due to a Phenomenon, we Call--CAPITALISM.

10 Canadian Oil Companies; Worth Your Attention.

1.       Suncor Energy Inc is Canada’s equivalent of America's Wal-Mart Stores, the nation’s largest company by revenue. Founded in 1919 as a subsidiary of what eventually became Sunoco Inc., Suncor is the one company more responsible than any other for developing the Athabasca tar sands, the New York State-sized area of crude oil deposits in northern Alberta that holds potentially trillions of barrels of petroleum: a supply that could last centuries. Suncor does more than hold claim over thousands of square miles of black gold. The company has upstream, midstream, and downstream operations, boasting four high-capacity refineries and 1,500 gas stations throughout Canada (under the Petro-Canada name). It’s estimated that the economic value of the ground beneath Suncor’s surface mining and in situ operations will total in the tens of billions of dollars over the next 30 years, which should keep the company at or near the top of this list. Majority of oil sands ownership and profits are foreign, says analysis. OTTAWA — More than two-thirds of all oil sands production in Canada is owned by foreign entities, sending a majority of the industry’s profits out of the country, says a new analysis released Thursday by a British Columbia-based conservation group.

2.       Imperial Oil: Even more than a century after its breakup at the hands of U.S. regulators, John D. Rockefeller’s Standard Oil remains North America’s dominant player in production and refining. Its successors include Exxon Mobil Corp, Chevron Corp. parts of British Petroleum, and in Canada, Imperial Oil Ltd.

3.       Husky Energy: Like most of its counterparts in this vital and occasionally homogenous industry, Husky Energy Inc. is integrated through every step of the process, from digging at the source to flowing into customers’ vehicles. Founded in the 1930s in WYOMING, Calgary-based Husky is the first entrant on our list with noteworthy operations outside the Dominion. Husky owns a large deepwater gas project in the South China Sea, and has 40% interest in a nearby subsea oil field. That’s in addition to Husky’s Atlantic Ocean developments, situated primarily off the coast of Newfoundland.

4.       Cenovus Energy: Spun out of the oil and gas operations of its former parent EnCana Corp, Cenovus Energy Inc. manages two rich projects in…well, you’ll never guess: the Athabasca sands. Our fourth-consecutive company headquartered in Calgary, Cenovus owns half of Foster Creek, a deposit about 1500’ below the surface; and half of the Christina Lake reservoir, both in east central Alberta. THE REMAINING HALF OF EACH IS THE PROPERTY OF HOUSTON-BASED CONOCOPHILLIPS CO. ON THE DOWNSTREAM SIDE, CENOVUS IS ITSELF A 50% PARTNER WITH A CONOCOPHILLIPS SPINOFF, PHILLIPS 66 IN TWO U.S. REFINERIES — ONE OUTSIDE OF ST. LOUIS, THE OTHER IN THE HEART OF THE TEXAS PANHANDLE.

5.       Canadian Natural Resources: One of the few organically homegrown and wholly Canadian oil companies on our list, Canadian Natural Resources Ltd. was founded in 1973 (in Calgary, naturally) and spent its first 20 years or so in relative obscurity. That changed almost overnight with the accelerated development of the Athabasca sands, which Canadian Natural was primed to capitalize upon. Not content with growing its operations merely in western Canada, the company generates billions in revenue from oil fields in the North Sea. But for every dollar the company earns in Europe, it earns several more from its light crude blocks in Africa. Canadian Natural has deepwater interests off the shores of Ivory Coast, Ghana and Gabon, and recently took over drilling in the Southern Outeniqua basin, which is just 200 miles or so from the Cape of Good Hope.

6.        Syncrude Canada Ltd: as its name indicates, specializes in the synthetic crude oil which is essentially bitumen that’s been removed from the Earth and upgraded (distilled and thinned so it can be transported) but not yet refined. Syncrude operates exclusively in its home province of Alberta, producing enough low-sulfur oil to supply one-fifth of Canadians. (By the way, Syncrude’s corporate offices aren’t in Calgary but rather Ft. McMurray — a good 460 miles north.) POINT OF DIFFERENTIATION BETWEEN SYNCRUDE AND ITS COHORTS IS THAT SYNCRUDE DOESN’T TRADE PUBLICLY. IT’S NOT REALLY A STANDALONE COMPANY, BUT RATHER A CONSORTIUM OF SEVEN MAJOR OIL-AND-GAS PLAYERS. THE THREE LARGEST PARTNERS — IN DESCENDING ORDER — ARE CANADIAN OIL SANDS LTD, IMPERIAL AND SUNCOR. THEY OWN 74% OF THE COMPANY. THE REMAINDER IS THE PROPERTY OF TWO CHINESE STATE-OWNED ENTERPRISES, A JAPANESE FIRM AND A SMALLER AMERICAN ONE. EnCana

7.       EnCana, the one-time parent company of Cenovus, is only slightly smaller than its rapidly growing spinoff. Since jettisoning Cenovus, EnCana has become primarily a natural gas company with projects in British Columbia, Alberta and off the coast of Nova Scotia.  ENCANA RETAINS OIL INTERESTS IN ITS AMERICAN OPERATIONS. IN FACT, THE CALGARY-BASED COMPANY’S U.S. SUBSIDIARY IS NAMED ENCANA OIL & GAS. THOSE PARTICULAR OPERATIONS ARE LOCATED ACROSS MORE THAN 4,000 SQUARE MILES OF VISIBLY BARREN BUT CLANDESTINELY TEEMING SOIL THROUGHOUT MUCH OF THE UNITED STATES. ENCANA’S RICHEST DEPOSITS ARE FOUND IN NEW MEXICO’S SAN JUAN BASIN, THE TUSCALOOSE MARINE SHALE OF LOUISIANA AND THE DJ BASIN, WHICH COVERS PARTS OF NEBRASKA, WYOMING AND COLORADO.

8.       Harvest Operations: our list’s first wholly-owned subsidiary of a larger corporation is Calgary-based Harvest Operations, which was developed in the early 2000s and sold in the marketplace as an investment trust, thus enabling its owners to avoid double taxation. With wells dotting Alberta and Saskatchewan, and a refinery in Newfoundland, Harvest does business only in Canada (and the nearby waters of the North Atlantic.) Management at Korea National Oil Corp. knew a lucrative investment when they saw it, and in 2009 made a play for Harvest. THE UNITHOLDERS (THE INVESTMENT TRUST EQUIVALENT OF SHAREHOLDERS) OVERWHELMINGLY SAID YES TO THE TAKEOVER BID, AND SINCE THEN HARVEST HAS OPERATED AS A BRANCH OF KOREA NATIONAL.

9.       Pacific Rubiales: What’s the largest independent oil company on the continent? That’d be Toronto-based Pacific Rubiales Energy Corp, and if that sounds so surprising as to arouse suspicion, we didn’t say which continent. Founded in 1985, PACIFIC RUBIALES PRODUCES A HUGE PORTION OF THE CRUDE OIL IN PERU AND COLOMBIA. THE COMPANY IS NAMED AFTER THE LARGEST AND RICHEST OIL FIELD IN COLOMBIA, AND EARLIER THIS DECADE TOOK A CONTROLLING INTEREST IN ANOTHER LARGE DEPOSIT IN GUATEMALA. Production has exceeded even the most optimistic expectations, giving Pacific Rubiales a big advantage in a part of the world as yet unexplored by the company’s contemporaries. (For related reading, see: Canadian Oil Production Set To Grow Rapidly.)

10.   Talisman Energy: We return to Yankee- poodle-vile, Calgary for the 10th-largest oil company in Canada, Talisman Energy Inc began with a single gas station in London, Ontario, in 1925, and upon growing to multinational size was eventually BOUGHT BY BRITISH PETROLEUM and operated as part of its Canadian subsidiary. Sold off by the parent and taken public in 1992, the newly re-christened Talisman positioned itself as a Canadian COMPANY WITH INTERCONTINENTAL REACH. OUTSIDE OF TALISMAN’S SUBSTANTIAL NORTH AMERICAN CONCERNS (RESOURCE DEVELOPMENT IN BRITISH COLUMBIA, ALBERTA, TEXAS AND PENNSYLVANIA), THE COMPANY’S FASTEST GROWING AND POTENTIALLY MOST IMPORTANT PLAYS CENTER ON OPERATIONS IN PAPUA NEW GUINEA, INDONESIA, AUSTRALIA, VIETNAM AND MALAYSIA. FROM IRAQ TO NORWAY, THE UNITED KINGDOM TO ALGERIA, TALISMAN OPERATES WELLS AND PIPELINES THROUGHOUT SOME EXOTIC AND PROLIFIC LOCALES.

11.   For “INVESTORS” interested in tapping into CANADA'S OIL-EXPLOITING COMPANIES, there are several companies to consider. From oil sands and bitumen plays, to offshore drilling and international exploration and production, the companies mentioned above OFFER INVESTORS PLENTY OF OPPORTUNITIES TO PLAY THE OIL RICHES OF CANADA AND OTHER NATIONS. ~~~Al (Alex-Alexander) D. Girvan