Comment by
mrbb on Oct 13, 2018 8:02pm
good news though, weeds are legal to buy and smoke come monday, overcoming Canada's main impediment to progress, according to justine truedough
Comment by
mrbb on Oct 14, 2018 9:20pm
this will take care of low WCS prices, just very high brent prices :) https://business.financialpost.com/commodities/energy/oil-could-hit-200-or-even-double-that-figure-saudi-threatens-to-retaliate-against-any-sanctions-over-khashoggi-disappearance
Comment by
mrbb on Oct 15, 2018 2:32pm
the wide WCS differential is due to lack of pipeline capacity causing backlog, not due to high condensate prices. In fact, condensate price at edmonton as of oct 12 friday close is 60.4 USD while WTI closed at 71.34 USD. Therefore, it is wrong to apply full wti prices to condensate.
Comment by
MigraineCall on Oct 17, 2018 1:18am
Sub 11 prices mean MEG is merely near exact correlation following the HSE share price, which has dropped since the offer was made. The value of the offer is a combination of 11 cash, and HSE shares. MEG share price is now tied to the fortunes of HSE for the next while.