- Alberta Premier Notley says "no option has been taken off the table," including government mandated production cuts, in addressing an oil price differential she says is costing the Canadian economy $80M/day.
- Another potential option could be to give crude shippers priority after agricultural shippers on rail networks, Notley says.
- S&P Global (NYSE:SPGI) Platts says Western Canadian Select at Hardisty was assessed at a discount of $36.30/bbl to the front-month Nymex light sweet crude futures contract calendar-month average today, up from an all-time low of $51.50/bbl on Oct. 11.
- "There is no doubt that operators are running their projects at a loss right now," says Dinara Millington of the Canadian Energy Research Institute.
- Potentially relevant tickers include CNQ, CVE, SU, IMO, ENB, ECA, TRP, CPG, ERF, OTCPK:MEGEF, OTCPK:HUSKF, OTCPK:ATHOF, OTCPK:SPGYF
- Earlier: Record low Canadian crude price shows oil sands best days are past (Nov. 16)
- Now read: Enbridge: Let's Be Realistic
Original article