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Canadian Investing / Canada (General)


Subject:  Re: PWE slump Date:  11/19/2012  7:19 AM
Author:  tim443 Number:  63070 of 64613

Another problem for all of our western crud producers is the discount on WCS (Western Canada Select) due to the glut in Cushing? We really need to find an non-US outlet for our oil or continue to suffer the lower prices.

Says it far better than I could. Until we find a way to get Alberta oil to international markets in a big way we will be held hostage to a US market currently awash in oil.


Heavy Canadian Crude Tumbles to 8-Month Low on Cramped Pipelines

By Edward Welsch - Nov 16, 2012 5:03 PM AT

Heavy Canadian crude oil fell to the lowest level in eight months as producers faced space limitations on pipelines transporting oil to U.S. markets.

Western Canada Select, a heavy oil blend from Alberta, tumbled to $34 below the U.S. benchmark, its widest discount since March 14.

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