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Northstar Signs MOU to Mine High Grade Zone 2 at Cam Copper Mine (click to learn more)
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Husky Energy Inc. cumulative redeemable preferred T.HSE.PR.B

Energy


TSX:HSE.PR.B - Post by User

Husky Energy Inc. cumulative redeemable preferred > WCS
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Comment by lowe0on Oct 16, 2018 12:26am
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Post# 28807479

RE:RE:RE:RE:RE:WCS

RE:RE:RE:RE:RE:WCSYou are correct that the net revenue that producers get for the blend product is based on both the differential and the cost of the condensate. The consdensate price is driven by sipply and demand. More recently the condensate price is clsoe to 90% of WTI but there were times not that long ago where condensate was 130% of WTI.

You are correct that more condensate will be available  with LNG devlopment but that does not start up until 2023 and when LNG does start up it will drive the price of natural gas up which for the Thermal Facilities, who are consuming more natural gas daily than he city of Calgary on the coldest day of the year.

No matter how creative your math is, it is tough times and given MEG has 3 b$ in debt and is building debt every day due to the differentials, @ $11 HSE is overpaying.
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