Remainder: 21000 bpd of AOC heavy crude production hadBeen hedged at near 52 Canadian dollars for 2018H1. This is much higher than current WCS at 45! By spring and summer, WCS to WTI discount will be much smaller for the same reason as last year: shortage of heavy crude for US refineries! WCS to WTI differential future for May is already less than 19 vs 25 for February, the current month. At 19 and WCS 63, WCS would be 44. That is much higher than 38 for 2017 Q3, when AOC broke even. We will very likely see WTI reaches 80 this year!