Exchange Rate 2022In 2022 the exchange rate low was .7203 and the high was .8016
Right now we are selling oil and the Canadians Exchange rate in our favour.
With a WTI price of $100.00
Oil Price Range = 124.750 - 138.83 - (Delta is $14.08)
So oil is currently trading at 87 dollars U.S. so the delta would be 87% of 14.08 which is about 12.25
Canadians energy companies are having a major currency windfall with the weak canadians dollar and effectively the currency rate in in our favour.
Should be amazing results this week from the Earning, likely the best results in the history of POU.
IMHO