Not exact matches
But EnCana made it clear this and other B.C.
natural gas assets are
on the market for the right partner.
NEW YORK, April 1 - FirstEnergy Corp said late
on Saturday its nuclear and coal power plant units filed for bankruptcy court protection as the company looks to restructure, sell
assets and win government support to cope with competitors using lower - cost
natural gas.
They have not yet made a final investment decision
on the project — the total investment for which is estimated to be about $ 40 billion, when a new
natural gas pipeline and upstream
gas assets are included.
He mentions Norshield
Asset Management, a Montreal - based fund of hedge funds that collapsed after allegations of fraud, and Abria Financial Group, which had a fund wiped out after a hedge fund it invested in made a bad bet
on natural gas prices.
A map of its
assets is below and includes details
on what type of play it is,
natural gas or liquids.
It assumes that the valuation of oil and
natural gas company
assets is based
on a timeline extending to 2050 when the bubble would supposedly burst.
Baseload power (i.e. coal and nuclear) interests that are being edged out by more competitive
natural gas power generators are increasingly relying
on the powerful emotion of fear to draw policymaker support for their struggling
assets.
Natural gas, generally, emits half the amount of CO2 per unit of electricity as oil does, so it makes sense for big petroleum companies to lean
on this resource more as a way to position their respective
asset mixes as lower carbon and secure an even larger piece of the global carbon budget.
They added that subsidy - free renewables will have a negative impact
on baseload power generation, such as
natural gas and nuclear, but boost the business case for flexible
assets, such as peaking plants, battery storage and demand response.
Advising Barclays
on its sale of US power and
natural gas commodities trading
assets to Citigroup Energy.