GREY:BXEFF - Post by User
Post by
stockfyon Oct 20, 2018 3:33am
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Post# 28839973
it's BXE's exposure to light oil (Edmonton mixed sweet)
it's BXE's exposure to light oil (Edmonton mixed sweet)BXE made a very good deal regarding its debt but I think it has dropped lately because of the significant correction in light oil (Edmonton mixed sweet) that hit decade lows, according to this excellent article below from Seeking Alpha about WTI and Edmonton mixed sweet spreads: SA article: WCS and Edmonton mixed sweet spreads Are Darkest Before Dawn BXE produces significant light oil volumes sold at Edmonton mixed sweet. However, the TOP-100 author from Seeking Alpha above explains why this is a darkest before dawn case, the WCS/Edmonton mixed sweet spread will narrow soon and Edmonton mixed sweet will rise above CAD$50 in the next months. Excellent write up. So you need to be patient.