Quote:
Originally Posted by Red
CDN dollar is down 30%?
How are the big player's stocks holding up?
Are we really getting more for our oil than last year? Any specifics because I am not in the industry so I don't know.
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Canadian oil is sold as Western Canadian Selecet (WSC) due to it generally being "heavier" in nature then WTI. WSC priced off WTI which is priced of the Brent. WSC prices have a differential with that off WTI, for example end of 2012 WTI was trading north of $90 a barrel and we in Alberta were netting $50-65 a barrel due to this differential. Remember that CAD and USD were at par.
Today the differential has shrunk to $17 canadian and at $80 USD a barrel that means we are netting ~$71-$74 CAD/bbl.