Anyone curious as to what is happening w/ WCS - WTI spread, Nat gas? Looked at PSAC/First Energy today. First, Loonie is .99 to USD, so lets say par.
WCS 4/3/2013 closed 81.12 up from 77.17 a year ago, or +3.95.
WTI closed 94.45 YOY -7.07
Not bad, heh?
Henry Hub NG 4/3/2013 closed 4.00, +1.94 YOY.
No doubt we'll see a downdraft as oil corrects a bit. NG's recovery over the past year can only be a good thing. Close of differential is also good, right?
Not spectacular, but not bad acquisition in open market + ESPP by insiders.
So just bad share price just a gift at this point... will pickup a lot more if we test previous low.