Post by
cashtango00 on Oct 12, 2022 8:26am
Can't catch a break
WCS pricing continues to get worse, even on the Capline route that ends in the GOM. spread is now over 30 bucks to WTI. Refineries down and SPR are hitting hard. At least Canada doesn't have enough pipelines so we throw money away as usual. Imagine if Canada was actually run well what we could do. Sad
Comment by
Deutz9170 on Oct 16, 2022 1:02pm
Getting paid in USD and operating in CDN dollars is a nice break. Add on the fact that a large portion of their USD denominated is paid down, makes this company very comfortable to own.
Comment by
Moemoney42 on Oct 17, 2022 11:21am
This quote is from a Fiancial Post report... lots of $ to return to shareholders at some point soon.. IMHO "Last month, a report from environmental think-tank the Pembina Institute said Canada's oil and gas sector is estimated to earn a profit of $152-billion in 2022 due to the war in Ukraine and the resulting commodity price boom"
Comment by
cashtango00 on Oct 17, 2022 12:24pm
of course, an environmental think tank would state higher energy prices are due to the Ukraine war and not the lack of capital investment from the energy industry. they are partially responsible for that lack of development. The left-wing is either painfully dumb or so agenda-driven, they can't see the forest for the trees.