From Gear EnergyOil prices in December were trading at or near record lows with the Western Canada Select heavy ("WCS") and Mixed Sweet Blend or Edmonton Par light ("MSW") benchmark prices realizing only Cdn$8 per barrel and Cdn$19 per barrel, respectively. In contrast, the forward curves for these two benchmarks over the first half of 2019 are now trading at Cdn$55 per barrel and Cdn$66 per barrel, respectively.
The situation now is much much better than we think, the 25 cents is not something so remarkable. With the undervaluation of PPR and such commodities prices we should see much higher pps.