Quote:
Originally Posted by burn_this_city
If anyone is interested in Western Canada Select (bitumen) pricing year over year, this website has pricing for yesterday and one year ago. You can see the heavy oil producers are still in better shape now than this time last year.
http://www.psac.ca/firstenergy/ |
The current price is almost $20 below the YTD avg. If this oil glut continues this will cut into the bottom lines of oil companies and the province.
What is the break even prices for oil sands operations? I've heard $60 or $55/barrel