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Canadian light $4--U.S.-- over WTI??!!

littlejoe

Well-known member
Fun times ahead in the Canadian Patch!

Jan. 7, 2014

Selected Oil And Gas Prices

Close Last Trade Day Implied Values
NYMEX-WTI: February, 2014 $93.43 USD/BBL
NYMEX-WTI: March, 2014 $93.58 USD/BBL
NYMEX-WTI: April, 2014 $93.52 USD/BBL
NYMEX-WTI: May, 2014 $93.29 USD/BBL
NYMEX-WTI Year Ago Current Month Contract $93.09 USD/BBL
Posted Canadian Par Average (40 API) $97.41 CAD/BBL
Posted Imperial Bow River (25 API) $73.26 CAD/BBL
Net Energy Sweet Closing Price* $4.50 USD/BBL $97.93
Net Energy Syncrude Closing Price* $2.75 USD/BBL $96.18
Net Energy WCS Closing Price* -$18.90 USD/BBL $74.53
Net Energy/NYMEX WCC Closing Price** -$18.50 USD/BBL $75.06
North Sea Brent Blend $107.10 USD/BBL
OPEC Basket Price $104.40 USD/BBL
West Texas Intermediate Cash $93.67 USD/BBL
NYMEX Natural Gas: February, 2014 $4.306 USD/MMBTU
NYMEX Natural Gas: March, 2014 $4.284 USD/MMBTU
NYMEX Natural Gas: April, 2014 $4.178 USD/MMBTU
NYMEX Natural Gas: May, 2014 $4.166 USD/MMBTU
AECO/NGX Spot Price - Settlement $4.300 CAD/GJ
AECO/NGX Spot Price - Same Day Volume 2,881.4 TJ
AECO/NGX Near-Month: January, 2014 $3.848 CAD/GJ
NYMEX Today @ 10:00 AM MST
WTI February, 2014 Contract $94.08 USD/BBL
Near-Month Gas Contract $4.379 USD/MMBTU

US Exchange Rate $1.066

* Expressed as a basis to WTI
** Expressed as a basis to NYMEX CS
 

hypocritexposer

Well-known member
and your point is? For how many years in a row has Alberta had a true Conservative government? LittleJoe is going to destroy the Alberta energy market, by posting the market. :lol: :lol:

Must be the first time ever that Alberta has dealt with this type of situation. Cold weather...Arctic Vortex.

During these times of global warming, when everyone is going to stop using Alberta energy, and the midwest is freezing, and can't get out on the rigs...Alberta better close up shop.

Demand is down... :lol: :lol:


Meanwhile they, these liberals like little joe/OT want you to believe in supply/demand, but want you to bring in illegal labor(supply) and raise the minimum wage (demand) at the same time.


economic geniuses... :lol: :lol:

"we've got 4000 jobs, that Americans are not willing to do, so we're going to bring in 5000 people, to get the jobs done. Our GDP will be the envy of the World.

We'll have to expand unemployment benefits and the taxpayer will have to cover the cost of healthcare for those that can't find a job. This will lower the cost for everyone else..."

Common core education at it's finest...

Meanwhile...TSR votes Democrat, because they are the only ones that have lowered the income disparity/inequality...they truly care for the middle class, that pays for everything. :lol:

"they have lost $20,000 by not being employed, but gained $15,000 in welfare benefits. I wonder why our production has decreased...are the rich not pulling their weight? They must be moving offshore...like that Romney fellow, who does not understand how the world works"

Useful idiots...
 

littlejoe

Well-known member
Canadian oil's been discounted big time, just on basis, plus further discount to bakken which itself been discounted to WTI---current price ratio a first in my limited memory!

and a personal interest----plowed to a well ready for test in atlee/buffalo hills yesterday---and we'd projected and operate on assumed lower prices--

larger part of my focus is saskatoba---wcsb generally a tad too developed for me---but I'm liking this....
 
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