Post by
Brizzle on Mar 18, 2021 1:51am
TMX and WCS-WTI Differential
I'm curious about what, if any, impact Transmountain completion in 2022 will have on WCS differentials next year and how that will effect FCF projections for producers like Suncor. This doesn't appear to me to be factored into to some of the projections I've seen. But I have seen some suggestion from RBC that differential could narrow by as much as 20 percent. I think SU had already locked in significant portions of this new pipeline capacity. Presumably this points to more upside for Canadian producers in 2022/2023?
Comment by
PabloLafortune on Mar 18, 2021 12:08pm
Altagas started exporting propane from their Ripet terminal last year and it seems to have had an impact, enough that it warranted natural gas intel writing an article about it: https://www.naturalgasintel.com/canadas-propane-exports-up-19-in-2020-with-more-growth-said-likely/