The differential between EDMONTON and WTI seems to grow every day....the differential hit $8 yesterday ! WTI is now lagging EDMONTON! So those who assumed that EDMONTON would drop as WTI also dropped a lot yesterday, they are obviously mistaken!
WWW.SPROULE.COM
has all the prices if you doubt it.
and as we know, ARN sells at EDMONTON price....
and as we know the plans of ARN in Q2 2012 report was for EDMONTON at C$85...
In the meantime, EDMONTON has been hovering AT LEAST 10% higher than C$85 since AUGUST strengthening the cash flows of ARN more than the initial company's estimates.....
this will also help the drilling plans for many companies and the drillers will also benefit a lot from this as the article below from SeekingAlpha point out
https://seekingalpha.com/article/937211-value-and-growth-go-hand-in-hand-in-the-drilling-market?source=yahoo
I think the social unrest and the tensions in Middle East will drive EDMONTON higher than C$100 during the nxt months