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Tuesday, November 9, 2021

This Is What Happens WIth ESG -- Equinor's Virtue Signaling -- November 9, 2021

Two links:

Headline: Equinor divests stake in Canada oil sands producer, Athabasca.

At the time:

  • Equinor had 18.8% stake in Athabasca
  • Athabasca was producing 20,000 bopd
  • 18.8% of that = 3,760 bopd
  • sold that interest for $14.2 million
  • today:
    • 3,760 bopd x 365 x $40 = $55 million

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