RE:RE:CAD $ down
What matters to Canadian producers, is demand at home markets. et-al sales at Edmonton matters on voluve demanded. For instance, gas sold at Edmonton may vary greatly to sales contracts sold foward. Hardisty hub does not pay what West Texus does for WTI for oil, Nor WTI for Gas. Edmonton select is sold at a discount for oil sold in the lower 48. and Edmonton gas is sold at contractors delivered prices,,,and added shipping costs. With a albeit, slim profit. Brent crude on the international market sells at a premium, as their supply is maintained, per demand.at a 10% premium. The Canadian dollar is really kicking the heck out of domestic gas sales as we are in effect, losing 10% of purchase power. But its a lot better than 3.60 gas. that i predicted.