EXPM:EGRGF - Post by User
Post by
Yemenon May 13, 2013 4:52pm
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Post# 21396291
If Can $ goes down we look esp.good
If Can $ goes down we look esp.good That is, we are already getting a preimium to market on our light sweet Tx crude due to closeness to the refineries on the gulf coast. Not sure how much it is, but i think in the area of $3-$5 a bbl. and we get paid in US dollars.
If the Can dollar goes down, that means that when EGL converts the US dollars into Can dollars, we could obtain an additional premium on our US investment. Holding this stock is an ideal way to hold US dollars to balance the portfolio. If more catch onto this type of thinkng, we should see a bound past 8.00, I would say.