RE:condensate still climbing - more revenue to comeMilitaryMan wrote: https://www.psac.ca/business/marketstats/ 02 Jan 18 - Edmonton Condensate | 75.37 | | | |
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02 Jan 19 – Edmonton Condensate 48.46
16 Dec 19 – Edmonton Condensate US$/BBL 63.25
Average 2019 YTD Price is $53.48
I don't think that 02 Jan 18 price is correct, unless it is in Canadian dollars
WTI at the time was about the same price as now, and condensate has only recently gapped far above WTI.
Regardless, today's price of $82 Can is a very profitable price