RE:RE:RE:RE:SDE haltedCertainly possible we see a retracement in WTI, I sold a chunk of my smaller producers on Tuesday. Maybe too early but I'm deploying too much margin to not take profits. There is the potential for a lot of production to return to the market at these prices and demand isn't there to justify it yet, not at these storage levels
Based on the Petro-Canada rack prices the Prince George market has some pricing power due to the reliance on imported products to supplement the PGR production. It'll be interesting to see how their unrealized hedges made it through Q4: they were sitting on something like $50M in losses at the end of Q3