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Zargon Oil & Gas Ltd is a producer of oil and gas. It is engaged in the exploration, development, and production of oil and natural gas in Canada and the United States. The company works on three phases of oil reservoir exploitation which include Primary recovery, Waterflood recovery, and Tertiary recovery. Its portfolio includes Alberta plains north, Alberta plains south and Williston basin... see more

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Zargon Oil & Gas Ltd > WCS at $62.70 as of yesterday

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Post by Method on Apr 11, 2018 10:19am

WCS at $62.70 as of yesterday

https://www.psac.ca/business/GMPFirstEnergy/

From what I can tell, it’s the highest C$ WCS price since late 2014

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Comment by stockfy on Apr 12, 2018 10:48am

The fundamentals for their assets have improved tremendously thanks to this WCS pricing.

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Comment by hawkowl1 on Apr 12, 2018 11:15am

One factor why a deal has not been struck is backwardization of oil prices. Future price strip much lower than current price. This is what Opec prefers to get oil out of storage. Oil going into contango (rising prices in future strip) will be very positive for oil patch. That will allow hedging to lock in great prices.Banks wont back a potential deal unless future prices are higher.As a ...more

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Comment by pablo87 on Apr 13, 2018 11:17am

If the natural gas sector is any indication, backwardization seems to be the result of companies (countries?) wanting to protect their cashflow re debt, dividends and other obligations. So this may not resolve itself anytime soon.

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