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Wish I had an oil refinery...maybe

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  • farming101
    Senior Member
    • Mar 2011
    • 3954

    Wish I had an oil refinery...maybe

    Western Canada Select now $13.17
    https://oilprice.com/oil-price-charts https://oilprice.com/oil-price-charts

    If the condensate in the mix is valued at full price, the bitumen is likely worth less than nothing
    Madness

    Is CL a buy? High $57's have to hold in CLZ

    Unleaded futures down 25% in the last month or so.
    Saskatoon pump prices down about 6.5% in the last month
  • bucket
    Senior Member
    • Jan 2008
    • 17024

    #2
    Originally posted by farming101 View Post
    Western Canada Select now $13.17
    https://oilprice.com/oil-price-charts https://oilprice.com/oil-price-charts

    If the condensate in the mix is valued at full price, the bitumen is likely worth less than nothing
    Madness

    Is CL a buy? High $57's have to hold in CLZ

    Unleaded futures down 25% in the last month or so.
    Saskatoon pump prices down about 6.5% in the last month
    I thought we all owned the CO-OP.

    Comment

    • biglentil
      Senior Member
      • Jun 2015
      • 3261

      #3
      Originally posted by farming101 View Post
      Western Canada Select now $13.17
      https://oilprice.com/oil-price-charts https://oilprice.com/oil-price-charts

      If the condensate in the mix is valued at full price, the bitumen is likely worth less than nothing
      Madness

      Is CL a buy? High $57's have to hold in CLZ

      Unleaded futures down 25% in the last month or so.
      Saskatoon pump prices down about 6.5% in the last month
      Pretty disgusting, with the global economy slowdown on the horizon. Outlook is grim in the Canadian oil sector. Cpg under $6 who would of thought.

      Comment

      • TASFarms
        Senior Member
        • Feb 2014
        • 1340

        #4
        At some point these oil stocks will look like a good buy. But not now with Canadian crude priced the way it is. Still looks like lots of cash getting pulled from Canadian oil stocks.
        Last edited by TASFarms; Nov 9, 2018, 12:04.

        Comment

        • bucket
          Senior Member
          • Jan 2008
          • 17024

          #5
          investment in Canadian oil stocks won't look good until Trudeau and his environment wealth redistributor wackos are gone....

          Keystone got halted again...in the states...

          Comment

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