Canada’s independent oil producers may face months of depressed earnings and weak share prices...

Canada’s independent oil producers may face months of depressed earnings and weak share prices as they jockey for space on over-full oil pipelines, analysts say. "The shortfall in takeaway capacity is absolutely going to weigh on realized prices for the Canadian producers over the near term on... especially heavy oil, which is at a pretty substantial discount to WTI right now," Macquarie says.

From other sites
Comments (13)
  • john001
    , contributor
    Comments (1217) | Send Message
    And Alberta can thank Obama and his supporters for part of this mess.
    14 Jan 2013, 06:28 PM Reply Like
  • Hendershott
    , contributor
    Comments (1839) | Send Message
    Well John, the XL wouldn't be flowing now anyway and the Canadians have declined to approve the Northern Gateway. Maybe if the Canadians had a few refineries they would have somewhere to go with the stuff. The Seaway now flows from Cushing to the gulf refineries but it's already full. The Bakken producers are using rail to ship to the Eastern (light crude) refineries, not an option for the heavy tar. You can thank the Canadians for some not so hot planning and the surprise advent of the Bakken for this mess. Sometimes thing just don't go according to plan. The question is with all this crude sloshing around why does WTI sell in the 90's? It should be a lot lower, we're drowning in the stuff. Also, how does Brent not collapse? The Saudi's are cutting because they don't have enough orders, Nigeria had 21 unsold tankers full last month. Pricing looks increasingly suspect.
    14 Jan 2013, 09:22 PM Reply Like
  • kmi
    , contributor
    Comments (4682) | Send Message
    " Pricing looks increasingly suspect."


    'Investors' keep buying USO....


    "It has to go up! How can it possibly go down? It's a sure thing!"
    15 Jan 2013, 07:23 AM Reply Like
  • Uncle Pie
    , contributor
    Comments (4323) | Send Message
    The environmentalists demonize Canada's "heavy" oil while we import 900,000 barrels a day of the same stuff from Mr. Chavez in Venezuela. Insane.
    14 Jan 2013, 06:42 PM Reply Like
  • dunnhaupt
    , contributor
    Comments (2359) | Send Message
    I seriously believe that money from Venezuela is supporting these "environmentalists".
    14 Jan 2013, 06:51 PM Reply Like
  • saratogahawk
    , contributor
    Comments (2538) | Send Message
    Well, I hate to say it but I don't mind the weakness right now. I DRIP several of them and have bought at each pullback on the open market. At these dividend rates I don't mind getting cheap oil. They won't stay down for long and I intend to own as much of them as I can afford.
    14 Jan 2013, 06:45 PM Reply Like
  • dunnhaupt
    , contributor
    Comments (2359) | Send Message
    This does not apply to Husky, however, which also produces oil in the North Atlantic and the South China Sea.
    14 Jan 2013, 06:50 PM Reply Like
  • Rockefeller2012
    , contributor
    Comments (126) | Send Message
    The Western Canadian Select / WTI differential is just too large to exist for long. Several factors are working to increase export capacity rapidly. Rail shipments are increasing dramatically as we speak. In addition, Kinder Morgan has increased its expansion plans from the original 750k bpd to 890k bpd. If that doesn't say confidence, I don't know what is.


    Buying cheap Alberta based oil companies at these prices is a steal.
    14 Jan 2013, 07:27 PM Reply Like
  • Michael Fitzsimmons
    , contributor
    Comments (11669) | Send Message
    but prices for heavy rose today and SU was up:



    could be short term...or, it could be back to reality as seaway expansion comes online allowing more heavy to find its way to refiners on the gulf coast:

    14 Jan 2013, 07:59 PM Reply Like
  • bakermre
    , contributor
    Comments (378) | Send Message
    The comment: "The environmentalists demonize Canada's "heavy" oil while we import 900,000 barrels a day of the same (dirty) stuff from Mr. Chavez in Venezuela" and the Saudi misogynists. "Insane." Maybe so; maybe not so.
    Yes and there's a method in their mutual madness. Canada's much loved environmental guru, David Suzuki, has admitted on Canadian T.V. that his gang accepts funding from these sources so he can condemn our oil! And guess what? On July 14, 2010, Warren Buffet met Barrak Obama at the White House "privately". Guess what good, reliable, sources tell us about the consequences of that tet-a-tet? Buffet gets an Obama block on the XL pipeline so his Burlington Northern RR can carry the oil, Obama gets Buffet tax the rich support and Suzuki gets a further pat on the back to create a reason to block the XL project. Yes, it all fits and makes sense now. What to do? Buy Bill Ackman's CP Rail; they carry Bakken and Alberta oil in their tankers too!
    Quebec and Ontario refineries are soon ready to displace Saudi oil for good Canadian crude. Don't play the Canucks as too dumb to know how to respond. Up here we speak softly and run efficient trains. We listen to Suzuki, treat him kindly, and then do the correct thing, quietly, with little fanfare. I say buy cheap bakken/Alberta oil stocks and CP Rail; be patient. It'll pay off!
    14 Jan 2013, 11:44 PM Reply Like
  • Maninder Batra
    , contributor
    Comments (564) | Send Message
    Canadians should sell to china or india if the eco-weenies in usa are creating trouble...The obama thug regime 's interference in the XL pipeline is harming canadian profitability.
    15 Jan 2013, 07:00 AM Reply Like
  • Hendershott
    , contributor
    Comments (1839) | Send Message
    They don't have a pipe to the coast.
    15 Jan 2013, 09:32 PM Reply Like
  • rjj1960
    , contributor
    Comments (1478) | Send Message
    For anyone who follows
    15 Jan 2013, 03:56 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs