GREY:STPJF - Post by User
Post by
deductionon May 10, 2013 1:57pm
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Question
Question Quote from the press release:
At STP-Senlac, Southern Pacific had sold approximately 47% of its oil by
rail for the quarter, resulting in an overall plant gate price of
$50.24/bbl, an improvement in the plant gate price of approximately
$10.00/bbl as compared to the Western Canada Select ("WCS") price that
was received on the remaining volumes from STP-Senlac during the
quarter
But if you look at the presentation on page 8 it shows the Heavy Differential the highest its ever been with a average net back of ~$25/bbl? Seems contradictory to me. Does that mean the remaining 53% at WCS had a net back of $0/bbl to average it down that much? Anyone else have an interpretation? Anyone going to rate me as poor like my other post? :)
Deduction