OTCQX:GXOCF - Post by User
Comment by
PROtradingon Dec 15, 2017 2:56pm
193 Views
Post# 27167357
RE:RE:RE:gxo
RE:RE:RE:gxoOne has to look at the average. The $34.11 is with all the nagativity built in.
Closing yesterday, the Differential (WTI/WCS)
(C$/bbl)
was $31.98
-2.25
Average price year to date is $
15.62 The reason we are double that is the Keystone pipeline outage for two weeks and the current reduced capacity. And the TransMountain delay nonsense that's getting sorted out.
And let's not forget true WCS is tar sand-based, not conventional heavy oil so the premium to WCS can't simply be estimated at just $3 (where did you get that, it seems low?)
Sjakkspill wrote: WTI/WCS differential has now hit $34.11. That’s the highest I’ve ever seen. I’m not going to pretend to know what the differential will be in 2018 but higher than the 2017 average of between $15 and $16 looks to be in the cards. Things should get better in 2019 with the Alberta Clipper and Trans Mountain expansions but today is today. I like the philosophy of Granite namely returning profits to its shareholders rather than rewarding bonuses to management while the stock is tanking like so many other companies. I just don’t see how the dividend can be maintained without borrowing money to do so. GLA.