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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 > Discounts should come in.... Looks like maybe it's started

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Post by sculpin2 on Nov 17, 2018 3:12pm

Discounts should come in.... Looks like maybe it's started

From the IV Energy Investing board...

Canadian crude and condensate benchmark prices all surged today, as futures rolled into the January contract on Friday.

WCS gained almost 50% as the discount to WTI narrowed from US$43 a barrel to US$36.30. The discount on Canadian Light narrowed by almost US$8, while the C5+ discount narrowed by US$4.

Meanwhile WCS in the Gulf Coast is probably trading at a hefty premium to WTI. Mexican Maya was $62US yesterday. The super low discounts on condensate actually helped Crude by Rail economics a lot.