Post by
Fuzman5902 on Mar 05, 2022 11:51am
Diluent Costs
One thing to keep in mind with oil prices this
high the cost of diluent has skyrocketed also.
Today walmart shoppers Meg is spending 5.4 m
a day @ spot prices 101K barrels.
Unfortunatley we did not get an update on their
diluent recover plans.
Even with potential inflationary project
pressures (assuming they are successful) the
higher prices go the shorter the roi.
Not only would you free up some pipleline space for more barrels but the premium you already
receive would increase.
How much don't know but ever dollar would be 36.5 m in their pocket. (not including tmx
expansion).
Regards
Fuz
Comment by
Eigen337 on Mar 05, 2022 6:26pm
This post has been removed in accordance with Community Policy
Comment by
Fuzman5902 on Mar 06, 2022 9:20am
The new presentation is up note the big change in cash flow sensitivity from 96 - 72 M. Wtih a 40% recovery rate that's 800 M in savings, hope we hear more on this in the comming Quarters. Regards Fuz