TSX:HSE.PR.B - Post by User
Comment by
oilandgasmickon Oct 24, 2019 5:14pm
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Post# 30266739
RE:RE:RE:WCS differentials have risen $5 per barrel since Oct 1
RE:RE:RE:WCS differentials have risen $5 per barrel since Oct 1Thanks for the post and for bringing a bit of "rationality" to the discussion.
As people have stated- differentials are way down, WTI is way down, insurance costs are up,curtailments are an issue and CAPEX has not yet seen the anticipated substantial declines so what can you rationally expect? Despite all, they covered dividends with cash to spare and production was in line with expectations.
Yes, this isn't a great earnings report but some of the above factors will be changing.
Contrast this discussion with discussions on other energy boards where companies are producing dry gas and selling it for a buck an MCF. What will be changing there anytime soon?