Quote:
Originally Posted by terminator
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.
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That's also cherrypicking the worst possible differential, which was short lived. It was still large for awhile both before and after that date - but maybe an average annual price for 2011, 2012, 2013, compared to today's price would be a bit better.