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Longview Oil Corp
> Long Run reports Q2 - cfps beats due to increased commodity prices.
Post by
terroir on Jul 31, 2013 11:58pm
Long Run reports Q2 - cfps beats due to increased commodity prices.
Long Run beat estimates for cfps .50 vs .46. Increase largely due to commodity price improvement: (Could be an indication of things to come).
COMMODITY ENVIRONMENT
- WTI crude oil prices averaged US$94.20 per barrel in the second quarter of 2013, compared to US$93.49 per barrel for the second quarter of 2012 and US$94.37 per barrel in the first quarter of 2013. During the second quarter of 2013, Edmonton light sweet oil traded at an average discount of $1.87 per barrel compared to WTI. This compares to an average discount of $9.54 per barrel compared to WTI during the second quarter of 2012, and of $6.18 per barrel during the first quarter of 2013.
- In the second quarter of 2013, the AECO Monthly Index averaged $3.53 per mcf compared to $1.90 per mcf in the second quarter of 2012 and $3.20 per mcf in the first quarter of 2013.
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