RE:WCS spread Yes that is good news, it should help to soften the blow of probably a fairly bad quarter due to losing a fair bit of production due to those fires and a quite low WTI for the last 2 months of the quarter. I think Q3 will be great and patience will be rewarded. I do think it will tank a bit right after earnings but I am long so doesnt matter much to me.
JohnnyDoe wrote: In the July investor presentation, there's a footnote indicating that their cash flow predictions are based on a 15 dollar WCS spread. The $1 sensitivity on the spread is noted as 17 in adjusted funds flow. Due to there being no additional costs associated with a better WCS spread, most if not all of that adjusted funds flow flows into free cash flow. The WCS spread is currently 11 so that's an additional 68M in adjusted funds flow.