Canyon Price Tracks $WTIC It's interesting, but for the last year it looks like Canyon's price just tracks West Texas Intermediate pricing. When $WTIC crashed last fall, that is when Canyon's price crashed. As West Texas makes new highs, now Canyon makes new highs.
At any price over $80 for West Texas Intermediate, I think Canyon probably continues to grow rapidly. It's strange that the market seems to tie these things together so literally since Canyon isn't selling the commodity directly.