What do you want? #RenewableEnergy. When do you want it? Now!

Renewables are a public opinion juggernaut. Being against them is no longer an  option. The industry's best and only hope is to slow down the stampede a bit (and that's what they plan to try).

100 percent renewables is a wildly popular goal

The core of the industry's dilemma is captured in this slide (on the left is the industry perspective):

EEI

Utilities don't think it is wise or feasible to go 100 percent renewables. But the public loves it.

And I mean loves it. Check out these numbers from the opinion survey:

In our polarized age, here is something we almost all agree on: Renewable energy is awesome.

Here's the most striking slide in the presentation:

EEI

In case you don't feel like squinting, let me draw your attention to the fact that a majority of those surveyed (51 percent) believe that 100 percent renewables is a good idea even if it raises their energy bills by 30 percent.

The Pangea Advisors Blog: What do you want? #RenewableEnergy. When do you wa...: 100% renewable energy: the public wants it, and quick - Vox Renewables are a public opinion juggernaut. Being against them is no longer an option.

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Looking to create pure play #oil sands company, #Canada’s @HuskyEnergy offers 37% premium in hostile bid for @MEGenergyCorp $MEG.TO $HSE.TO

Will this mark the bottom and signal a major revival for the underperforming Canadian oil sector?

Not that long ago MEG energy,  $MEG.TO was considered a distressed company. Amazing how US$80 barrel can change things so quickly...

Investors have been focusing on high growth capital intensive Permian plays while ignoring large FCF stories in the oil sands. This may likely change soon. 

The combination of this announcement and the likely go ahead decision for the $31Bn LNG Canada project by Shell and its partners may mark the bottom and a major revival for the underperforming Canadian oil sector. 

Given the parties involved in this deal, implications and possibilities are significant for the sector. 

Still clearly cheaper to buy than to build in the oil sands. 

See more on the transaction on Bloomberg here: https://bloom.bg/2NcAxjF

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