RE:RE:The new allocation trade: Short Cdn Banks Long Cdn E&PSWhat year are you quoting the costs for oil producers? Even in 2017, the tar sands costs were way down.
https://business.financialpost.com/commodities/energy/more-than-just-a-glimmer-of-hope-lower-costs-suggest-its-too-soon-to-count-out-the-oilsands
Heck, I think Suncor had its Firebag field costing 15 $/bbl - which was a few years ago.
The breakeven costs for shale are all over the map (though I would agree that 50 is a good estimate for most).
If you look at Wikipedia, it has some decent cost projections (actual production costs, mo development, etc).