Quote:
Originally Posted by Ducay
 Article is talking about Edmonton prices still being decent. Look how much of our royalties in the province come from light oil, versus bitumen and heavies.
WCS is trading at the quoted $45-55/bbl, while in April it was in the $70 range. |
You can save the eye rolling, I was asking a serious question. Do you have any data to back up what you are saying?
On one side we have the opposition and some media saying the price differential is almost the same. On the other side we have the PC's (and you) saying it is drastically different.
Baytex's website lists historical pricing:
http://www.baytex.ab.ca/files/pdf/Op...ary%202013.pdf
Year & % difference from WTI
2005 - 36.3%
2006 - 32.5%
2007 - 30.8%
2008 - 22.4%
2009 - 16.1%
2010 - 17.9%
2011 - 18.1%
2012 - 22.2%
Q1 2012 Heavy Oil Pricing Update - April 2012
http://www.baytex.ab.ca/files/pdf/Op...g%20Update.pdf
WTI - $102.93/bbl
WCS Benchmark - $81.51/bbl
Differencial $21.42 = 20.7%
Q4 2012 Heavy Oil Pricing Update - January 2013
http://www.baytex.ab.ca/files/pdf/Op...g%20Update.pdf
WTI - 88.18/bbl
WCS Benchmark $70.07/bbl
Differencial $18.11 = 20.5%
Are those numbers wrong?