Quote:
Originally Posted by puckedoff
Wait are you saying I shouldn't have done that? Can't I just get another loan later to pay back this one?
Here are the assumptions if anyone else interested, but also too lazy to go look. To me WCS seems way too high and nat gas as well but you can be your own expert.
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WCS seems
HIGH? Compare what these numbers are to any of the reserve engineers' forecasts or the futures and they're quite low. Most of those guys are back up to $60+ WCS next year. The Fx rate is very favorable to WCS since it is traded in CAD. And look what they call for on the differential, thats hugely conservative in US$.
Of course no one knows who is right, but the fact the Budget is based on such conservative numbers is quite impressive; would've expected a more optimistic viewpoint to help make the deficits smaller.