Quote:
Originally Posted by bizaro86
No, but they're out of date, or at least misleading. There was a huge decreasing in WCS pricing during Q4. For example, Cenovus posts the WCS price monthly on their website here: http://www.cenovus.com/operations/do...y_Averages.pdf
The December price was 360.42 per m3, or $57.31 per barrel. That compares to a price of 551.19 per m3 or $87.64 per barrel in January 2012. That's a pretty big difference. It's also a huge differential, since WTI is $90+.
Also, a Q4 average isn't a good number going forward because the price dropped nearly 30% in Q4 |
Anybody know what's causing this drop?
I'd guess it has to do with pipeline capacity and ND production from the Bakken formation. But I have no idea what I'm talking about.