Comment by
jleer42 on Oct 16, 2022 8:14pm
Thanks for sharing Wolf. I didn't look into the details of the last couple of sales and hadn't realized they were mostly sweet. Makes the WCS differential a bit of a surprise, refinery issues aside.
Comment by
Paray99 on Oct 16, 2022 9:36pm
No surprise here, once Biden is done with his SPR release, he is done with screwing his American people.... that is when Canadian oil differentials will coming down. Canada is too dependent on US. We should have more refineries or better markets elsewhere!
Comment by
BayStreetWolfTO on Oct 16, 2022 10:44pm
Getting closer Paray, in about 12 months we will see the impact from Trans Mountain "Trans Mountain anticipates completion of the Project in the fourth quarter of 2023." https://www.transmountain.com/news/2022/trans-mountain-corporation-releases-second-quarter-2022-results
Comment by
BayStreetWolfTO on Oct 16, 2022 10:37pm
Jl, the WCS differential (have to LOVE the BTE hedge at only -12.25) is more about higher than normal maintenance due to a series of refinery challenges. Still seems to be a lack of knowledge on refinery maintenance impact nowadays and the EIA data. Should be an interesting 4-6 weeks as maintenance wraps up.
Comment by
BayStreetWolfTO on Oct 17, 2022 9:35am
I guess about 30 days but not really with the gap between Oct 21 and Nov 1... One last kick at the can prior to mid-terms for Joe?