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Pengrowth Energy Corporation Message Board

  • augustusgloop augustusgloop Apr 3, 2013 8:14 PM Flag

    WCS Spread / NG YOY

    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.

    Sentiment: Strong Buy

1.59+0.03(+1.92%)Sep 30 4:02 PMEDT