Diluent CostsOne thing to keep in mind with oil prices this
high the cost of diluent has skyrocketed also.
Today walmart shoppers Meg is spending 5.4 m
a day @ spot prices 101K barrels.
Unfortunatley we did not get an update on their
diluent recover plans.
Even with potential inflationary project
pressures (assuming they are successful) the
higher prices go the shorter the roi.
Not only would you free up some pipleline space for more barrels but the premium you already
receive would increase.
How much don't know but ever dollar would be 36.5 m in their pocket. (not including tmx
expansion).
Regards
Fuz