Post by
stockfy on Nov 08, 2018 3:41am
ZAR and the freedom of idiocy......
ZAR is a tax loss selling candidate, so its recent performance makes a couple of morons here think that they are smart although these morons ignore the basics about the energy sector. They even claim that North Dakota is in Canada and incurs the Canadian oil spreads. This is when Freedom of speech becomes Freedom of idiocy....
Comment by
George98 on Nov 08, 2018 9:13am
Hey man, this is USD, so this is about CAD$52 plus a small premium because ZAR produces medium oil in North Dakota, so ZAR receives about CAD$60 now in North Dakota, which makes it a free cash flow producing asset.
Comment by
rad10 on Nov 08, 2018 9:25am
That's right - ND is the only free cash flow producing asset. Will it be enough to carry them over. Not unless the WCS price recovers......