BTE - Alberta Announces Mandatory Production Cut Of 325k B/D - What Does That Mean For Canadian Energy Stocks?
Welcome to the intervene edition of Oil Markets Daily!
Hey! WCS-WTI differentials are now trading in the low 20s high teens like we said 3 months ago!
It's safe to say our call for WCS-WTI spread to narrow from the high $30s low $40s 3-months ago was the worst call in the world because the spreads are only narrower today because the Alberta government had to step in to stop the widening discount!
Source: Hall of Shame
A bad call is a bad call, and that was the worst call we've made all year.