Net Sweet Oil Closing PriceWe closed at $US 83.95 today.
Gas up a whopping 14 cents, so PEY, TOU and other high class gas names up notably today.
| Posted Canadian Par Average (40 API) | $80.25 | CAD/BBL | |
| Posted Imperial Bow River (25 API) | $62.77 | CAD/BBL | |
| Net Energy Sweet Closing Price* | -$13.25 | USD/BBL | $83.95 |
| Net Energy Syncrude Closing Price* | -$8.00 | USD/BBL | $89.20 |
| Net Energy WCS Closing Price* | -$30.80 | USD/BBL | $66.40 |
| Net Energy/NYMEX WCC Closing Price** | -$28.00 | USD/BBL | $69.44 |
What this means for RMP is a much better cash flow and capital plan for 2014.
Including the falling $Cdn, sweet is up well over $Cdn 9.00 versus the low of about $74.50 just a couple of weeks ago.
My model now shows 2014 cashflow of around $95M. What a yo-yo.
Will today's sweet oil and gas prices hold for the winter, that is the $64k question.
L6