RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Raymond James. C$2.30 PT Nobody on this forum, including myself, has ever said there is a disconnect between pipelines and production. Even the red necks understand the correlation between pipelines and production. However, nobody ever seriously expected every export project would be completed, let alone every pipeline that crosses the Canadian/American border. We currently have enough export capacity, hence the termination of production restrictions, and there are more then enough projects coming online in the future to help fuel growth.
As far as your claims that Canadian oil is discounted at %50, not true. Western Canadian Select (heavy oil) typically trades somewhere between a $10-$20 discount. HOWEVER, Edmonton Condy typically trades par or at a premium to WTI. The United States is the biggest exporter of petroleum products to Canada, and what are they mostly exporting to Canada? CONDY. Why? Because there isn't enough of it up here to mix with heavy oil for transport. Trican's operations are mostly associated with dry gas and shale oil...in other words natural gas and condensate. Not heavy oil. Not Western Canadian Select. This trend will only be more pronounced as heavy producers continue to bring production back online
TCW sitting at near 2-3 year highs with half the worlds developed economy still shut down. Once economies start to open up and people start spending their saved up covid money, we will see a FOMO spike. Future is nothing but bright.