RE:RE:Canadian namesTransporting oil by rail is typically more expensive than pipeline ( 5$ WTI for pipeline verses 10$ WTI for railway ) that makes a huge difference in costs for companies in Canada. Even with our CAD still weaker than USD the oil still needs to be physically moved to the US refineries etc.... no one going to transport the oil for free......
I am soirry but the currency exchange DOES NOT cover approx. 50% loss transporting oil by rail verses pipe. There is a reason why alot of canada based oil companies are near 52 week lows ( right now we are in tax loss selling and they will bounce guaranteed in Jan ) but CPG is a special case where their revenue for the last 3 quaters has actually slowly declined. This can be verified easily from their financials.