Quote:
Originally Posted by Deer Hunter
He's smarter than basing his entire energy needs on the Middle East circus.
Canada isn't profitable at 30$ oil. Look at the energy companies and how they have been reduced to a fraction of their value post Saudi Russia oil war
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That’s because we have huge inventories, and trade about 15 dollars lower then WTI as a result. Once the market stabilizes and a few companies shut in. We’ll see inventory drops and Canadian oil price will narrow the gap with the WTI. It’s sustainable long term at 30 dollars a barrel, and good for the economy as a whole. Although not great for Albertans
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