GREY:TBTEF - Post by User
Post by
oilnvstron Dec 12, 2012 11:46am
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Post# 20719528
Crude Price
Crude Price TBE and other heavy oil producers are under heavy selling pressure because of very low heavy oil prices. WCS is currently posted at $54/bbl, and TBE has less than half of 2013 volumes hedged. At this price its very doubtful TBE will be able to maintain production and pay the current dividend. Heavy crude prices are held down by Barack Obama's refusal to allow more Canadian crude into the US via the Keystone XL pipeline.