MEG Energy: Discount on Canadian oil to shrink for 'years to come'

) expects better Canadian heavy oil prices for “years to come”, thanks to the newly operational Trans Mountain pipeline expansion . RBC Capital Markets says the oil sands producer’s cash flow is among the most sensitive to higher prices.. The industry hopes the bigger artery from Alberta to the B.C. coast will end years of depressed Western Canadian Select prices by improving access to global markets.

“Before TMX fills, I think you will see additional egress from an Enbridge Mainline expansion,” Alson added. “While I don’t see another pipeline being built, I believe there’s de-bottlenecking of other existing pipelines that will occur.” “Prevailing WCS-WTI spreads of around US$12 have narrowed in concert with TMX’s call for line-fill of 2.1 million barrels in each of April and May, but could dip into the single digits in the second half of 2024,” he wrote in a note to clients.) as companies in the sector that are the most cash flow sensitive to changes in WCS-WTI spreads. He identifies Suncor Energy stock and another bank as they crash further into the abyss.

$3 trillion could be injected into the U.S. economy without any federal spending by tweaking this corner of the mortgage market, ‘Oracle of Wall Street’ saysHow is a grocery chain whose profit margin is a little over 3% supposed to cut its prices by 15%?For investors looking for a cannabis stock to buy and one to sell, here are my top two picks in this category for traders looking to play volatility.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Meg Energy sees earnings rise in first quarter to $98 millionCALGARY — Meg Energy Corp. says it earned $98 million in its first quarter, up from $81 million during the same quarter last year. Meg Energy CEO Darlene...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Meg Energy sees earnings rise in first quarter to $98 millionMeg Energy says it earned $98 million in its first quarter, up from $81 million during the same quarter last year.
Fuente: CTVCalgary - 🏆 26. / 68 Leer más »

Meg Energy sees earnings rise in first quarter to $98 millionMeg Energy Corp. says it earned $98 million in its first quarter, up from $81 million during the same quarter last year.
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »

Canadian First Nation rejects Obsidian Energy drilling expansion plansExplore stories from Atlantic Canada.
Fuente: SaltWire Network - 🏆 45. / 63 Leer más »

Canadian First Nation rejects Obsidian Energy drilling expansion plansThe formal notice that Woodland Cree's chief and council have rejected Obsidian's drilling plans mark a further breakdown in relations, after the First...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Canadian EV charging company Swtch Energy raises US$27.2M to scale uppSwtch Energy Inc. has raised US$27.2 million in fresh funding to scale up in Canada and the United States, as electric-vehicle charging infrastructure in multi-unit residential buildings (MURBs) climbs policymaker, real estate company and consumer priority lists.
Fuente: AutoNewsCanada - 🏆 77. / 51 Leer más »