Thanks Rebel,
Yes, I know about George Soros, lucky Hungarian Forex trader.
Lunatics from the right call him the left wing lunatic and vice-versa, right wing lunatics are called lunatics by left wing lunatics. Funny political cabaret.
How often people who use such a strong language never look at their own biography, writing or tolerance ability.
Fortunately (especially in Canada) the "centre" is very strong and can recognize the extreme on both side and ignore them or have some laugh and on the occasion adopt their good ideas.
Going back to Xl pipeline and CLL.
The spread (as per CGY and Shi) IMO has two major components. One (as mention) is the political uncertainty and another is increase supply of Canadian Heavy Crude (WCSB) to Cushing. Remember that we are not getting paid WTI or Brent prices for WCSB.
What`s important from the CLL point of you is the WTI/WCSB spread and particularly the Dit-Bit price at the local (Alberta) terminal station. Addition capacity from the XL may increase Dit-Bit prices. Last week Bitumen was about $53/bbl.
At this level the Dil-Bit price is not a problem. CLL production level stuck at 14,000 bbl/d (+/- 500 bbl/d) is the main issue.
