Bullboard - Stock Discussion Forum MEG Energy Corp MEGEF

Primary Symbol: T.MEG

Energy Oil & Gas E&P

MEG Energy Corp. is a Canada-based energy company focused on in-situ thermal oil production in the southern Athabasca oil region of Alberta, Canada. The Company is engaged in the development of enhanced oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the economic recovery of oil. It transports and sells thermal oil (AWB) to customers throughout... see more

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MEG Energy Corp > WTI/WCS Price Diff Is NOW @ A COMFORTABLE USD -12.20/Bbl.

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Post by ztransforms173 on Oct 07, 2024 7:34pm

WTI/WCS Price Diff Is NOW @ A COMFORTABLE USD -12.20/Bbl.

Discount for Western Canada Select firms slightly

October 7, 2024 3:09 PM

The discount on Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) tightened on Monday:

* WCS for November delivery in Hardisty, Alberta, firmed on Monday, trading at a low of minus $12.20 versus WTI, but climbing to a $11.75 a barrel discount, according to brokerage CalRock. It settled at $12.20 a barrel under the benchmark on Friday.

* Oil futures rose by 3% on Monday, with Brent surpassing $80 a barrel as conflict in the Middle East escalated. Brent futures settled at $80.93 a barrel, while West Texas Intermediate settled at $77.14 a barrel.

* Chevron said on Monday it would sell its Athabasca oil sands and Duvernay shale assets to Canadian Natural Resources for $6.5 billion. The sale puts into motion Chevron’s plan to raise $10 billion to $15 billion through asset sales.

(Reporting by Liz Hampton in Denver; Editing by Shailesh Kuber)

https://boereport.com/2024/10/07/discount-for-western-canada-select-firms-slightly/

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- BOWLING for DOLLARS $$$

z173