Canadian (WCS) Oil Price / Job Fallout

[farmaholic]

I was quoted a buck a liter for farm diesel about a week ago.

[Guest]

The good news is gas prices are up...can you imagine the margins federated is making??????

we have been co op customers all our life
haven't been able to buy any from them this year
last truckload was $. 95 from a competitor , $.995 from OUR co op
federated has lost touch with reality , they are really hurting rural co ops
time for a reset and start over with the co op thing

[the big wheel]

we have been co op customers all our life
haven't been able to buy any from them this year
last truckload was $. 95 from a competitor , $.995 from OUR co op
federated has lost touch with reality , they are really hurting rural co ops
time for a reset and start over with the co op thing

Somebody has to pay for all those new buildings everywhere. It's not cheap to build those with the price of fuel to transport building supplies. Hahahaha

[ajl]

Good news this morning is that Canada has signaled a willingness to move a bit on the dairy issue so maybe there will a NAFTA deal after all. At least the source I read said so. This is not going to be all out free trade in dairy but a step in the right direction anyways. The difference to consumers in Canada will be marginal but we will take all the help we can get.

[helmsdale]

Somebody has to pay for all those new buildings everywhere. It's not cheap to build those with the price of fuel to transport building supplies. Hahahaha

You'd think our new amalgamated coop won the lottery. In a sense I guess they did. Medicine Hat used to be a fairly lean organization, but since they merged with south county, there's been a building spree. The renovation of the old hardware store into fancy office space said to be $1M+, new tank farms, cold storage sheds, paved cardlock lots, etc...

But when you drop the dividend by 1/3 or more, then raise the retained equity by a multitude of 15, it gives you ALOT of cash to spend. Not to mention fuel pricing that used to be very competitive isn't even in the ballpark now. The other local supplier wasn't keeping a tandem truck busy, with the delivery driver spending most of his hours in the convenience store selling smokes and sodas. Now they're delivery numerous super b's direct to farm, have 2 drivers working over time and looking to expand.

[errolanderson]

Alberta bitumen fallout . . . WCS prices have collapsed about 20% over the past ten (10) days.

Cdn economic sirens are sounding . . . .

[the big wheel]

Alberta bitumen fallout . . . WCS prices have collapsed about 20% over the past ten (10) days.

Cdn economic sirens are sounding . . . .

Sounds like time to raise interest rates just around the corner. Hahahaha

[Guest]

Coop had 1.10 at the pump !

Cardlock bill came and was 1.19 + gst !

Not buying at coop card lock anymore !

Same shit been goin on here , asked where in f$&k is our volume discount ????

[errolanderson]

Global Oil Price Update Sept 27th . . . .

Brent Crude (North Sea) $81 per barrel
West Texas Intermediate (WTI) $72 per barrel

Western Cdn Select (WCS) $39 per barrel

WCS discount (spread) to WTI $33 per barrel

[furrowtickler]

Global Oil Price Update Sept 27th . . . .

Brent Crude (North Sea) $81 per barrel
West Texas Intermediate (WTI) $72 per barrel

Western Cdn Select (WCS) $39 per barrel

WCS discount (spread) to WTI $33 per barrel

So why do we pay so much for fuel at the pumps here in Canada ? Yup extreme tax’s that will only get worse via the carbon tax scam