RE:WTI or WCSWildfury wrote: Anyone know what Baytex gets for their oil production as far as pricing goes ? Is it based on WTI or WCS prices. You hear about the spread between the two which is around $20 which is quite large. Another fact is that the oil sands need extra refining , thus the discount . Baytex is not an oil sands producer but they do produce heavy oil and I'm curious to know if Baytex is subject to discounts on that heavy oil production .
One more point in this regard Wildfury , oilsand production requires nat gas to generate steam and power which increases costs when nat gas prices rise . BTE on the other hand produces nat gas so any increase in nat gas prices are a benefit to BTE in increased FCF .