Drop in canadian oil prices- questionhttps://www.nrcan.gc.ca/energy/sources/petroleum-crude-prices/crude/2120
The attached chart shows that oil prices realized by Canadian producers have dropped substantially in the past month. This could account for some of the price weakness in VRO. I know that Vero gets primarily Edmonton Light PAR for its production, however, if the back up in oil inventories should take Edmonton Light considerably below the WTI price, would Vero's WTI commodity hedging kick in and provide a floor for their revenues?