WCS differentials have risen $5 per barrel since Oct 1$12 Diffs for WCS are unsustainable, when it takes $16 minimum to ship by rail to clear the market.
Husky will be generating a lot higher profits on upgrading and refining this quarter, and in future quarters.
When the new IMO 2020 Sulphur restrictions on fuel oil come out, its going to hammer WCS and be license to print money again for Husky, which is why they are spending CAPEX on rebuilding more heavy oil processing capacity.
Bunch of clowns playing checkers today, when they should be playing chess and thinking a few moves ahead.
https://www.imo.org/en/mediacentre/hottopics/pages/sulphur-2020.aspx