GREY:LGVWF - Post by User
Comment by
Nawaralsaadion Nov 08, 2013 10:27am
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Post# 21888380
RE:RE:Big jump in cash flow/netbacks
RE:RE:Big jump in cash flow/netbacks Terr, Good observations. Just a note about the sweet oil price in Canada, up to Wednesday the actual price was $91; yesterday it dipped to $85. Thus LNV is not getting $75 yet (excluding the hedges), the Net Energy closing price is a futures price (I am not sure how deep into the future) but it is not yet set in stone that the actual price will trade at the future price by the time we get there.
Beyond Q4, I believe there is a strong a chance that both the heavy and light oil differential will shrink, I advice listening to Enbridge’s Investor day presentation from October 1st, There is a large number of projects to de-bottle the system in 2014 (excluding Rail).
Regards,
Nawar