GREY:PSLRF - Post by User
Comment by
Sir_Holleron Jan 04, 2013 10:26am
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Post# 20797255
RE: RE: Level 2
RE: RE: Level 2 It could also get very scary in coming weeks. The glut of heavy oil in Canada is ridiculous with the spread now over $35 under WTI. With the U.S. budget talks in the next couple of months there may be a new fiscal cliff tied to the debt ceiling. Commentators say this will be worse than the recent fiscal cliff talks as spending will have to be addressed. The deficit is due to long standing issues. If WTI plunges and the Canadian differential widens it doesn't put this company in a favorable position. The netback on non-hedged, non-railway production could be virtually zero given where it was recently.