RE: I sincerely hope.. There is an oil glut in Western Canada and N. Dakota. I am selling my oil at a price of $75. That is a 27% drop to WTI. Its ugly. All the netbacks will be 25 to 30% started March 1. Some wells in Sask are shut-in due to the bottle-neck.
Heavy oil players are barely breaking even.
Need the pipelines to increase capacity right now.
Still holding LEG long.
Poise