RE:RE:RE:RE:RE:RE:RE:Top Wells Nov 2024Yeah they do get more for certain grades which are shown here in USD I believe.
Canadian BlendsLastChange% ChangeLast Updated
Central Alberta69.70-0.86-1.22%(3 Hours Delay)
Light Sour Blend70.10-0.86-1.21%(3 Hours Delay)
Peace Sour69.85-0.86-1.22%(3 Hours Delay)
Syncrude Sweet Premium73.35-1.36-1.82%(3 Hours Delay)
Sweet Crude71.85-1.36-1.86%(3 Hours Delay)
US High Sweet Clearbrook76.70-0.86-1.11%(3 Hours Delay)
Midale70.35-0.86-1.21%(3 Hours Delay)
Albian Heavy Synthetic77.35-0.86-1.10%(3 Hours Delay)
Access Western Blend76.95-0.86-1.11%(3 Hours Delay)
The charts don't copy and paste well from Oil Price Charts so here's a link
https://oilprice.com/oil-price-charts/ In fact I would really like to see ARX expand their production profile in the oil category especially the low cost, low decline oil that thermal SAGD provides. It comes with a large cap-ex outlay to get up and running but once it is it is a cash cow that diversifies ARX production by one more commodity that can help pay dividends and costs when other commodities are shut-in or out of season.
I would like them to take a look at CJ that has their own SAGD slated to come online at the end of this year. They might be able to pick them up for $1.3-4 billion or 55 million or so ARX shares and just add their 30000 boe/d plus of light oil right into the mix a third of which will be SAGD and the rest is some of the lowest decline in the patch.
With all that ARX has going on right now it might be a bit too much to swallow.
I just want them to look.
GLTY and ALL ARX BULLS
GunnerG wrote: They don't produce WTI but they get more that WCS for their light and medium crude.
I was just asking about the spreads.
Quintessential1 wrote: I was posting about tariffs and the Canadian O&G sector.
As far as I know no one in the patch produces WTI.
GLTY and ALL ARX BULLS
GunnerG wrote: Now I see why you would be excited with the spread when using C5 and WCS.
I thought the comparison was with WTI.
Thanks for the clarification.
Quintessential1 wrote: Nope
| One Exchange C5-FSPL Closing Price: February 2025* | -$4.00 | USD/BBL | $73.39 |
| One Exchange WCS Closing Price: February 2025* | -$13.25 | USD/BBL | $64.14 |
https://www.dobenergy.com/data/ GLTA ARX BULLS
GunnerG wrote: Is condy selling for less than oil currently? What is the spread? Quintessential1 wrote: Look at all that condensate!
Just to tie this post and my last post together...
What would you do if you were making money hand over fist because you are the top producer of the top tier priced commodity in O&G but your stock was being held artificially low because of either the threat of imposed tariffs or actual tariffs being applied?
BUYBACKS!
Keep that powder dry too ARX!
GLTY and ALL ARX BULLS
Canadian BlendsLastChange% ChangeLast Updated
Central Alberta69.70-0.86-1.22%(3 Hours Delay)
Light Sour Blend70.10-0.86-1.21%(3 Hours Delay)
Peace Sour69.85-0.86-1.22%(3 Hours Delay)
Syncrude Sweet Premium73.35-1.36-1.82%(3 Hours Delay)
Sweet Crude71.85-1.36-1.86%(3 Hours Delay)
US High Sweet Clearbrook76.70-0.86-1.11%(3 Hours Delay)
Midale70.35-0.86-1.21%(3 Hours Delay)
Albian Heavy Synthetic77.35-0.86-1.10%(3 Hours Delay)
Access Western Blend76.95-0.86-1.11%(3 Hours Delay)