Bullboard - Stock Discussion Forum Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s): CRLFF

Energy Oil & Gas E&P

Cardinal Energy Ltd. is a Canadian oil and natural gas company with operations focused on low decline oil in Western Canada. The Company is engaged in the acquisition, development, optimization and production of crude oil and natural gas in the provinces of Alberta, British Columbia and Saskatchewan. Its operating areas include the Midale, South District, Central District, and North District... see more

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Cardinal Energy Ltd (Alberta) > Did the WTI-WCS spread go under $10?

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Post by Quintessential1 on Oct 08, 2024 3:21pm

Did the WTI-WCS spread go under $10?

Or is BNN just not updating WCS pricing?

https://www.bnnbloomberg.ca/

GLTA

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Comment by VeritasVern on Oct 08, 2024 4:23pm

Appears to be correct. WTI is $73.86 while WCS is $65.34 a difference of $8.52.

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Comment by Quintessential1 on Oct 09, 2024 2:45am

It looks like it was a glitch in reporting and BNN has it fixed now but too bad. I have been hoping for a while that the TMX would narrow that WTI-WCS gap but I guess that was too good to be true. GLTA

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Comment by VeritasVern on Oct 09, 2024 9:57am

It wasn't a glitch. Oilprice had the spread under $9 as well. What happened was WCS declined significantly after trading hrs yesterday when API reported oil stocks to have increased by more than 10 Mb. How does inventory increase by more than 10 Mb in one week? I haven't looked at the data but assume higher imports and/or movement of oil from the SPR to market for rotational purposes?

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Cardinal Energy Ltd (Alberta)