I don't expect the wcs diff to recover until SPR begins to refill. and hopefully the same constitution as the draws (mostly heavy)
the Biden admin extending SPR draw to election is slimy but predicted. also, the risk if the refiners take the chance to reconfigure for more US production (lighter oil) given opec tensions. this could also hit Canada hard. I'd wager more on US producers than Canadian at this stage. need to see SPR plan post mid term to reconsider.
Share Price Catalysts, page-1788
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