Post by
Whampoa on Sep 26, 2024 12:29pm
When will Oilsanding COOs knock our doors down
With crude backwardation, front month is highest price in the futures strip.
Paper traders took WTI down to US$66.95.
Pressure, OPEX pressure.
From my perspective, Oilsands continue to bolt on more and more stuff to eek out fractional gains at major league capital.
For the equivalent capital (and some risk) they can get significant new production volumes, at lower opex, lower GHG, no water, tiny footprint with AXE CTI RFXL.