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  1. #81
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    Quote Originally Posted by Mitsu3000gt View Post
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    That last SW trade we did was -1.65. PSO around -5.00, LSB around -3.00. WTI sucks but the diffs are really strong. I don't know many companies with WCS but with the exception of 2019, -15.70 is pretty normal for this time of year.
    Is it though?

    WCS.jpg

  2. #82
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    Quote Originally Posted by blitz View Post
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    Is it though?
    Yup, over the last 5 years only one period (2018) was significantly different around this time. Obviously it's going to move around a bit. Definitely in the range of normal at -15 or so.

    Q1 2015 AVG: -14.74
    Q1 2016 AVG: -14.24
    Q1 2017 AVG: -14.58
    Q1 2018 AVG: -24.28
    Q1 2019 AVG: -12.29

    The latest forward curves from the banks are expecting it around the same for that period as well.

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    Lookie lookie. We got a trader in here!
    Quote Originally Posted by 89coupe View Post
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    Beyond, bunch of creme puffs on this board.
    Everything I say is satire.

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    I just don't think a few dollars on the diff is any consolation to WCS producers at the moment.

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    Quote Originally Posted by blitz View Post
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    I just don't think a few dollars on the diff is any consolation to WCS producers at the moment.
    I didn't say it was I just said it wasn't too far out of line from what we have seen in the last several years around this time.

    The lighter streams have been trading a lot tighter than WCS and FX is up a few points but nothing is going to offset the ~$20 drop in WTI. Fall 2018 was worse with the stronger WTI but crazy -25 to -45 diffs. Some streams were under $100 CAD/M3 and that is before trucking, tariffs, and any other costs you might have.
    Last edited by Mitsu3000gt; 03-10-2020 at 02:41 PM.

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    WTI up 10%. Some rumored articles that Russia might go back to the talking table
    Nolan

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    Quote Originally Posted by pheoxs View Post
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    WTI up 10%. Some rumored articles that Russia might go back to the talking table
    That would be nice. As much as Russia and the Saudis like to swing their dicks around, higher prices are still better for them.

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    Russia would look really stupid if they went back to the table so soon. I don't know what the "smart" move for them is, but I always thought the image of strength was something that they valued really highly.
    Quote Originally Posted by killramos View Post
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    If there is one thing I know for sure. ES has no Aspen goals

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    Depending if they want Trump elected in Nov or not I think is the power move.

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    Quote Originally Posted by mr2mike View Post
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    Depending if they want Trump elected in Nov or not I think is the power move.
    If I was them, I'd have the bot farms pumping up Bernie, but hey, I'm not political strategist.
    Quote Originally Posted by killramos View Post
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    If there is one thing I know for sure. ES has no Aspen goals

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    Quote Originally Posted by ExtraSlow View Post
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    If I was them, I'd have the bot farms pumping up Bernie, but hey, I'm not political strategist.
    Why would Russia/Saudi want Bernie over Biden/Trump?

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    Quote Originally Posted by Xtrema View Post
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    Why would Russia/Saudi want Bernie over Biden/Trump?
    He’s the most likely to shut shale production in favour for the ‘green new deal’
    sig deleted by moderator, click here for info

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    My very simplistic analysis is that the worse the USA economy does, the better Russia feels. Is that not accurate?
    Quote Originally Posted by killramos View Post
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    If there is one thing I know for sure. ES has no Aspen goals

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    Quote Originally Posted by ExtraSlow View Post
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    My very simplistic analysis is that the worse the USA economy does, the better Russia feels. Is that not accurate?
    For the most part accurate.
    "The most merciful thing in the world, I think, is the inability of the human mind to correlate all its contents... some day the piecing together of dissociated knowledge will open up such terrifying vistas of reality, and of our frightful position therein, that we shall either go mad from the revelation or flee from the light into the peace and safety of a new Dark Age."

    -H.P. Lovecraft

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    Quote Originally Posted by thinmyster View Post
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    He’s the most likely to shut shale production in favour for the ‘green new deal’
    Agree, but why did they appear to support Trump 4 years ago? Neither person's stance has changed.

    Trump: "America FIRST!!"
    Sanders: "Green New Deal to eviscerate the evil energy industry!"

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    I think they like political discourse and chaos more than any single leader or party.

    Americans destroying America is what's best for them.

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    America is outright founded on conflict. They got most of their power by death and destruction. Its only right that they have another civil war.

    Its in their anthem and by the sheer number of guns that outnumber the populace.
    Opportunity Cost : Columbus spent $0 on burned carbon fuels to find America.

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    Quote Originally Posted by Tik-Tok View Post
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    I think they like political discourse and chaos more than any single leader or party.

    Americans destroying America is what's best for them.
    Ding ding ding

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    Quote Originally Posted by ThePenIsMightier View Post
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    Agree, but why did they appear to support Trump 4 years ago? Neither person's stance has changed.

    Trump: "America FIRST!!"
    Sanders: "Green New Deal to eviscerate the evil energy industry!"
    Say what?? Russia was actively pumping Hilldog 4 years ago. Which I would guess is for the same reasons as described above. To help crap out the US economy.

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    Quote Originally Posted by Misterman View Post
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    Say what?? Russia was actively pumping Hilldog 4 years ago. Which I would guess is for the same reasons as described above. To help crap out the US economy.
    It must be weird living in Bizarro World. I guess it's normal for you, but for the rest of us, it looks weird.

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