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[canolacrazy]

CRUDE OIL
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Crude Oil
Taiga
MAR 19, 2020 | 08:2031
Bushel of grain worth more than a barrel of oil In Canada now?
Reply With Quote
TASFarms
MAR 19, 2020 | 08:2632
Quote Originally Posted by bucket View Post
Gas price locally after a tanker refilled on Tuesday. ..90.9 cents a liter posted...
That’s a rip offReply With Quote
farming101
MAR 19, 2020 | 08:4133
As usual policy makes a natural disaster and the collateral damage many times worse.
An oil glut/price war at the same time as consumption is going to dive. NiceReply With Quote
1 Like
helmsdale
agstar77
MAR 19, 2020 | 09:3034
The U.S. could end the Saudis fun by cutting off military supplies. That won't happen because they own Trump.Reply With Quote
furrowtickler
MAR 19, 2020 | 09:3535
Quote Originally Posted by agstar77 View Post
The U.S. could end the Saudis fun by cutting off military supplies. That won't happen because they own Trump.
Canada could stop taking Saudi oil and end that contract for arm vehicles.
What did Trudeau say about those armed vehicles again ? Oh ya , it’s a go
But no barley sales there , but that’s ok 👎
Last edited by furrowtickler; Mar 19, 2020 at 11:28.
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6 Likes
agstar77, beaverdam, caseih, fjlip, sumdumguy, Taiga
agstar77
MAR 19, 2020 | 11:3436
Quote Originally Posted by furrowtickler View Post
Canada could stop taking Saudi oil and end that contract for arm vehicles.
What did Trudeau say about those armed vehicles again ? Oh ya , it’s a go
But no barley sales there , but that’s ok 👎
I don't have a problem with that.Reply With Quote
furrowtickler
MAR 19, 2020 | 12:0437
Quote Originally Posted by agstar77 View Post
I don't have a problem with that.
Good 👍
We should worry about keeping our own house in order here in Canada . The whole Trump derangement syndrome getting old lol .Reply With Quote
2 Likes
FarmJunkie, Oliver88
agstar77
MAR 19, 2020 | 12:2438
If we didn't live next door I would not worry about orange face.Reply With Quote
errolanderson
MAR 19, 2020 | 12:5039
A barrel of Western Cdn Select (WCS) oil hit a low of $7.84 per barrel U.S. within the last 24 hours . . . the cost of two (2) Chia teas (complete with a stopper).Reply With Quote
farming101
MAR 19, 2020 | 12:5940
Quote Originally Posted by errolanderson View Post
A barrel of Western Cdn Select (WCS) oil hit a low of $7.84 per barrel U.S. within the last 24 hours . . . the cost of two (2) Chia teas (complete with a stopper).
Possibilities:
1. Oil prices will rebound
2. Tea prices are going to implode or tea will disappear from the market altogether.
3. A black market for tea and oil will rise up with barter the means of exchange.

Meanwhile the USD put in a 3 year high today. As long as tea drinkers have USD they'll be fineReply With Quote
1 Like
errolanderson
Oliver88
MAR 19, 2020 | 15:2141
Quote Originally Posted by furrowtickler View Post
Good 👍
We should worry about keeping our own house in order here in Canada . The whole Trump derangement syndrome getting old lol .
TSX has been pounded bad since the oil free fall due to Saudi/Russia spat and now the China Virus.
CDN $ has lost close to a dime in last month. Very interesting how reliant our $ is on the energy sector and ironic that lefties HATE the energy industry.Reply With Quote
2 Likes
fjlip, TASFarms
farming101
MAR 20, 2020 | 08:2242
Quote Originally Posted by farming101 View Post
Rack price today at Saskatoon is .513/l for diesel and .371 for gasoline. We have hit rock bottom on gas or very near to it
Mar 20 rack price .497 diesel, .32 gasolineReply With Quote
bucket
MAR 20, 2020 | 09:1443
Quote Originally Posted by farming101 View Post
Mar 20 rack price .497 diesel, .32 gasoline
Would you call that good margins with 90 cent gas and 80 cent farm diesel?Reply With Quote
Oliver88
MAR 20, 2020 | 09:2044
Quote Originally Posted by bucket View Post
Would you call that good margins with 90 cent gas and 80 cent farm diesel?
Bucket, can’t you get 65-70 cent (+GST) or lower diesel delivered now?

I agree with your point about refinery making good margins.Reply With Quote
errolanderson
MAR 22, 2020 | 09:0945
Alberta bitumen prices may go to zero (0), even negative is possible . . . .

With no sign of the global oil price war subsiding, supertanker rates have exploded as floating ocean storage with no port to head to. Apparently, 10 million barrel surplus daily is flooding into global markets. Super tanker storage capacity is said to be 1.8 billion barrels with about 800 tankers in-operation.

Texas and Suffield natural gas spot prices went negative over the past five 5) years, in other words, the market pays you to haul it away. This situation may force Western Cdn Select (WCS) into a similar situation without any abatement in the Russia/ Saudi war.Reply With Quote
errolanderson
MAR 28, 2020 | 09:0246
Western Cdn Select now $4.56 per barrel . . . We are heading for negative . . . .Reply With Quote
Sodbuster
MAR 28, 2020 | 09:2047
If our government’s were smart they should be putting money into more refineries and pipelines so we could be at least self sufficient. Would create jobs and use some of that $4.50 oil up so oil companies could survive.Reply With Quote
canolacrazy
MAR 28, 2020 | 09:2648
oil getting shut-in at record clip.
fearless prediction by year-end...

wti oil-$75/bbl
durum-$11/bus
canola-$13/bus
hrsw-$10/bus
red lentils-35c/lb.

[canolacrazy]

less than two months since that post, and we're well on our way. load up on good oil stocks and wait for those .35 cent lentils.

[15444]

You seem to have missed the latest Nanos poll.

3 out of 4 Canucks say the country is ****ed long term. The other one voted for Dumbass.

Oil will rise when half the production is eliminated in Canada, maybe even worldwide.

[TASFarms]

All the money that got thrown in has got drive something up.

[sumdumguy]

If you look at TSX today versus ten years ago - we have gone NO WHERE

[helmsdale]

Personally speaking... With the amount of hurt that is coming our way, I find it unlikely that we farmers will make out like bandits while the destitute masses lineup in bread lines. Imagine these headlines in the Globe and Mail:
"Farmers net profits at record highs amid global food shortages and mass starvation."
"NDP and Bloc Quebecois rally behind minority Federal Liberals as they impose Wage and Price Controls amid deepening economic depression."
"Nanos survey finds 9 in 10 canadians are in favor of federal government's proposed intervention to bring down skyrocketing food prices."

[Oliver88]

less than two months since that post, and we're well on our way. load up on good oil stocks and wait for those .35 cent lentils.

What oil stocks are you buying?

[canolacrazy]

I like the mid-caps who have low debt/equity, and most are hedged at $60/barrel for the next few months.

Torc oil and gas, tourmaline and whitecap I like the best. if you want to take a riskier flier check out surge energy.

[15444]

Personally speaking... With the amount of hurt that is coming our way, I find it unlikely that we farmers will make out like bandits while the destitute masses lineup in bread lines. Imagine these headlines in the Globe and Mail:
"Farmers net profits at record highs amid global food shortages and mass starvation."
"NDP and Bloc Quebecois rally behind minority Federal Liberals as they impose Wage and Price Controls amid deepening economic depression."
"Nanos survey finds 9 in 10 canadians are in favor of federal government's proposed intervention to bring down skyrocketing food prices."

I'll pay good money to see that.

Record profits for me and starving people killing all those in the city that are well-to-do. Cause you really are delusional if some schmuck who lost his house to the bank making 5% interest, standing in a bread line and sees that same fat bank manager driving around in a Bentley, and doesn't flip out. If he stabbed that bank manager in the neck with his own desk pen, at least he will get square meals in prison and a bed to sleep on.

Or is this guy in the bread line the same typical person that owns a $500k shitbox condo in Toronto?

[jazz]

Torc oil and gas, tourmaline and whitecap I like the best. if you want to take a riskier flier check out surge energy.

Those companies and about a dozen more will be bankrupt in a couple months.

[canolacrazy]

sounds like a glass half full kind of guy.

[TASFarms]

Those companies and about a dozen more will be bankrupt in a couple months.

Thought whitecap has their oil hedged for this year at $47/ barrel. They might miss this down turn in prices altogether

[Ache4Acres]

Whitecap most recent quarter

Maybe I’m missing something. Looks like a stinker.

[TASFarms]

Whitecap most recent quarter

Maybe I’m missing something. Looks like a stinker.

What did they buy for 2 billion

[jazz]

sounds like a glass half full kind of guy.

Between Trudeau, the whacko enviros and this fake pandemic Canadas oil industry will be lucky to survive at all.