Palliser Oil & Gas Corp. PSLRF

WoW! $9.35 Discount - Lowest of Year:

[Sir_Holler]

"Western Canada Select heavy oil strengthened for a ninth day, rising against U.S. benchmark West Texas Intermediate by 65 cents a barrel to a $9.35 discount, according to Calgary oil broker Net Energy Inc. It was the narrowest discount for WCS this year, according to data compiled by Bloomberg. The discount was $41.50 on Jan. 14." Bloomberg

[CEKR]

Showing -8.99 as of yest.  Remember, PXL's budget and est. for 2013 CF of 20mn was based on a $30 WCS spread.  Some street estimates for 2014 average production are below May's average of 2950...  Hmmmm.

[Sir_Holler]

Theal’s second Big Theme in 2013 is heavy oil—which has turned around very quickly, due to rail transport. Only six months ago in December 2012 Canadian heavy oil was trading under $50 a barrel on some days, because of pipeline constraints and refinery shutdowns. Now it’s just a few pennies shy of $80/barrel—and Theal says that pricing is here to stay. “The big change is you have rail impacting