TSX:HSE.PR.B - Post by User
Comment by
mrbbon Oct 24, 2019 3:21pm
145 Views
Post# 30266131
RE:WCS differentials have risen $5 per barrel since Oct 1
RE:WCS differentials have risen $5 per barrel since Oct 1Correct. Husky reward will come in 2021 as their major captial projects start printing money. I believe Peabody had said that before as well. I also expect a trade deal between china and US by 2021. Standard of livining is tied to energy consumption. If africa, china, india, south america all want to live like the westerners, energy consumption has to go up. Wind mill and solar panels will not cut it.
.
Rational43 wrote: $12 Diffs for WCS are unsustainable, when it takes $16 minimum to ship by rail to clear the market.
Husky will be generating a lot higher profits on upgrading and refining this quarter, and in future quarters.
When the new IMO 2020 Sulphur restrictions on fuel oil come out, its going to hammer WCS and be license to print money again for Husky, which is why they are spending CAPEX on rebuilding more heavy oil processing capacity.
Bunch of clowns playing checkers today, when they should be playing chess and thinking a few moves ahead.
https://www.imo.org/en/mediacentre/hottopics/pages/sulphur-2020.aspx