Post by
nozzpack on Jun 08, 2022 5:05pm
Canada’s Bitumin hits record high volumes
Oil hit $160 CAD today which makes bitumen production a cash cow.
Today, Canadian bitumin productiin reached record high.
Permitting of 3200 bpd remains active.
With these prices, farming out the tertiary development protocols would be highly probable.
Sawn Lake is a substantial asset, critical only to oil prices remaining above $60 cad.
With the exception of a catastrophic world event, we shall never see $60 oil again..