GREY:CUDBF - Post by User
Comment by
poiseon Mar 29, 2012 3:50pm
331 Views
Post# 19735283
RE: RE: RE: Canadian Oil stocks are getting Hit.
RE: RE: RE: Canadian Oil stocks are getting Hit. I am selling my oil today at $74. Since March 1 we have all been selling much lower. That is a fact.
Crescentpoint Energy building a rail terminal in SE Sask just to bypass the glut. We are all fighting for pipeline space.
New pipeline capacity will be available in two years.
Break-even at $70 if oil production is not connected to Enbridge pipelines as trucking oil to a terminal is very expensive. Break-even at $50 if connected.
Most investors in oil are not in the industry and you are privileaged to get info from my circle.
Its all truth folks.
poise
Poise.