Wow WCS over $59 close to $60Biden plan huge for Canadian Oil and BTE!
Another data point to consider. Negative on Canadian oil or heavy oil read this important article. One of my hidden gems no one has seemed to pick up on. Enjoy.
"In a $2.25 trillion infrastructure proposal unveiled Wednesday, Biden earmarked $115 billion for roads and bridges"
"In the infrastructure blueprint, the biggest benefit for oil explorers and refiners would come from the expected jump in demand for asphalt to repair crumbling highways and pave new ones. Because asphalt is derived from the heaviest and most-dense material in a barrel of crude, Canadas oil-sands producers may be the biggest winners, given their status as the source of some of the globes thickest petroleum."
Reference: https://www.bloombergquint.com/business/oil-sector-gets-surprise-boost-in-biden-s-roads-wells-plan