Quote:
Originally Posted by burn_this_city
There shouldn't be a huge effect. I've said it before and I'll say it again. The Canadian dollar dropped and we sell oil in USD and the differential for bitumen against WTI has shrunk immensely. We're getting more now per barrel than we were same time last year.
|
For current production, yes. Any company that is building any sort of infrastructure or making major purchases in USD is going to/has seen costs go up big time, which might delay some major work or growth activity going on these days.