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Why Canadian Natural is bullish on oil, with or without Keystone XL

Financial Post -- Canadian Natural Resources Ltd. is betting the Keystone XL pipeline will eventually get the go-ahead and believes the deep discounting on Canadian oil caused by pipeline bottlenecks is already on its way out.

Even if it’s wrong about Keystone XL, the large heavy oil producer said it will push ahead with other transportation options before dialing down its oil growth plans, backing up what the U.S. State Department said last week in its environmental assessment of the proposed pipeline from Alberta to the U.S. Gulf — that Canada’s oil will be produced, no matter what.

Of course, oil companies have been wrong before. But if Canadian Natural is right this time, it would mean the end of an 18-month chapter that started with rejection of the pipeline by the U.S. president, under pressure from


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Submitted Mar 08, 2013 By: Nicoalbum
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Why Canadian Natural is bullish on oil, with or without Keystone XL Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

Posts:24,300
Points:2,435,365
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Message Posted: Mar 12, 2013 2:59:42 AM

FrankLee: good point and indeed, tar sands are even more extracted b/c oil need to be steamed out of the base.
FrankLee1
Champion Author Minnesota

Posts:1,001
Points:40,420
Joined:Feb 2013
Message Posted: Mar 9, 2013 5:11:14 PM

I strongly disagree when the media says oil is "produced"- IT'S NOT; IT'S EXTRACTED... from a pool that is finite for all practical purposes.
otherdave
Champion Author Indiana

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Message Posted: Mar 9, 2013 4:09:11 AM

ok
NedW
Champion Author Indianapolis

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Message Posted: Mar 9, 2013 3:10:05 AM

Thank you for submitting this article, Nicoalbum.
wshutton
Champion Author Albuquerque

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Message Posted: Mar 8, 2013 10:50:39 PM

Oil always finds a way.
MAC48
Champion Author Dallas

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Message Posted: Mar 8, 2013 9:56:38 PM

Keep the faith Canadian oil interest. Your crude oil production will get to markets as soon as new pipelines are built to the south (Keystone XL) or to the East or to the West or maybe all three directions.
rahcat
Champion Author Grand Rapids

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Message Posted: Mar 8, 2013 9:32:47 PM

Keystone XL will never be approved by Obama and his EPA minions.
Focus2
Champion Author Illinois

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Points:2,143,245
Joined:Mar 2006
Message Posted: Mar 8, 2013 9:29:28 PM

Deep discounted Canadian Bitumen or tar sands oil to the Wood River refinery did nothing to bring down prices at the pump here in Illinois!
PrettyLittleLady
Champion Author Modesto

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Message Posted: Mar 8, 2013 9:26:19 PM

Money talks..
crreed1
Champion Author West Virginia

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Message Posted: Mar 8, 2013 9:25:33 PM

sounds like BS
mlmeng
Champion Author Michigan

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Message Posted: Mar 8, 2013 9:22:54 PM

Someone will make money.
Tsunamiron
Champion Author Jacksonville

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Message Posted: Mar 8, 2013 9:22:19 PM

I don't really care any more. I want a plug-in electric vehicle.
tedjm1
Champion Author New York

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Message Posted: Mar 8, 2013 9:18:51 PM

Joint venture?
EVBuddy
Champion Author Nevada

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Message Posted: Mar 8, 2013 9:18:50 PM

SOme people are bullish
granitestater
Champion Author New Hampshire

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Message Posted: Mar 8, 2013 9:16:47 PM

Keystone XL and Canadian Natural? Is this a story about beer??
mcbrownie220
Sophomore Author Toledo

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Message Posted: Mar 8, 2013 9:13:20 PM

ok
yyc2yow
Champion Author Ottawa

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Message Posted: Mar 8, 2013 9:12:22 PM

We should build our own refineries up here! I agree with this comment
obimerrill
Champion Author Cincinnati

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Message Posted: Mar 8, 2013 9:12:09 PM

Of course...they can sell it for higher And or sell more of it so they make out either way!
PrinceLH
Champion Author Ontario

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Message Posted: Mar 8, 2013 9:11:32 PM

We should build our own refineries up here!
Aviator_Rob
Champion Author New York

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Message Posted: Mar 8, 2013 9:09:50 PM

@OGW, you just argued against your own position. One factor that's keeping crude prices down in the northern plains states is the fact that there's a glut of Alberta oil that is landlocked. If it does get out, gas prices WILL go up in that region of the country. Why would we want to help that along with Keystone???

We do not and never had a sweetheart deal for Alberta tar sands at a discounted price. Canada wants top dollar for that semi-solid asphalt they call tar sands. It's not a matter of Canada being forced to sell overseas. They WANT to sell it overseas. They want the most money possible for it, even if it means we have to pay more, too.

Now, why would we want to help them???
SteelPenny
Champion Author Dallas

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Message Posted: Mar 8, 2013 9:08:35 PM

Go for it Canada.
Robert44
Champion Author Columbus

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Message Posted: Mar 8, 2013 9:08:31 PM

Drill Baby Drill!!!
DrLyon
Champion Author Michigan

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Message Posted: Mar 8, 2013 9:06:58 PM

Good....
Bubba44612
Champion Author Ohio

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Message Posted: Mar 8, 2013 9:06:39 PM

All that oil is going to China anyways.
yakstar
Champion Author Montreal

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Message Posted: Mar 8, 2013 9:06:11 PM

what me worry?
JasTheAce
Champion Author Raleigh

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Message Posted: Mar 8, 2013 9:05:00 PM

good for them
HEBster
Champion Author Kentucky

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Message Posted: Mar 8, 2013 9:04:50 PM

It works!
OGW
Champion Author London

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Message Posted: Mar 8, 2013 9:02:36 PM

Contrary to what some say, the Keystone XL pipeline is a game saver for Americans. American companies are exporting their own domestic prodution in record quantities which will push prices up at home even more. Canada has countries knocking on their door for their Alberta oil but they would rather sell it to a friendly nation and that discounted Alberta oil has been keeping American consumer's prices in check. If the Canadians have to sell it overseas then domestic US prices will radidly climb as the world market is much more expensive and Canada would make more money selling it elsewhere. One way or another the Canadian oil will be sold and if not to the US, then it will be America who will feel the pain not Canada.
Toppers
Champion Author Atlanta

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Message Posted: Mar 8, 2013 9:00:59 PM

Good for business!
Tigrelily
All-Star Author Illinois

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Message Posted: Mar 8, 2013 9:00:25 PM

Let them find other ways to transport their oil. How much of a fight would they give us if the situation was reversed?
Ticoman54
Champion Author Miami

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Message Posted: Mar 8, 2013 8:59:58 PM

I hope they are bullish without Obama's support...
Jeffro61
Champion Author Cleveland

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Message Posted: Mar 8, 2013 8:50:46 PM

Ok
N4PIP
Champion Author Miami

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Message Posted: Mar 8, 2013 8:49:58 PM

The Keystone XL pipeline is a bad deal for America. We're getting nothing in return for sacrificing land. The Canadian oil will be exported outside of North America.
Dragnet
Champion Author Arizona

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Message Posted: Mar 8, 2013 8:48:29 PM

It's all about politics and the crappy leadership in Washington
Aviator_Rob
Champion Author New York

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Message Posted: Mar 8, 2013 8:46:11 PM

Boy, the Internet trolls are even more ignorant than usual tonight. Here's an idea. How about they all go to this website:

http://greedylyingbastards.com/

Maybe after seeing the movie trailer, their heads will explode.
rawdog1313
Champion Author Lexington

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Message Posted: Mar 8, 2013 8:42:53 PM

Regulate Oil Speculation!
REKEY
Champion Author South Carolina

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Message Posted: Mar 8, 2013 8:41:58 PM

greed!
postcard9
Champion Author Massachusetts

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Message Posted: Mar 8, 2013 8:41:53 PM

When will America get on board?
Aviator_Rob
Champion Author New York

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Joined:Mar 2012
Message Posted: Mar 8, 2013 8:41:39 PM

Once again, @wayoung56 is spouting more nonsense. It appears he has a limitless supply.

Is that what gets you out of bed in the morning, wayoung?

[Edited by: Aviator_Rob at 3/8/2013 11:42:24 PM EST]
Aviator_Rob
Champion Author New York

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Message Posted: Mar 8, 2013 8:40:00 PM

Sorry, @crmedic. Oil that's destined for the international export market will do nothing to lower gas prices here. Make the tar sands people pipe the oil east or west. If it spills, it'll be their problem.

Americans won't get anything out of a pipeline to the Gulf. All that Canadian crud is bound for China.
nimpy
Champion Author Indianapolis

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Message Posted: Mar 8, 2013 8:39:20 PM

This is good
Blue48
Champion Author Illinois

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Message Posted: Mar 8, 2013 8:38:35 PM

WE LOVE YOU..YOU CRAZY CANADIANS!
crmedic
Champion Author Arkansas

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Message Posted: Mar 8, 2013 8:32:06 PM

They are gonna sell the oil one way or another. It will be cheaper to ship it via pipeline which would theoretically make gas prices lower.
Doomsday64
All-Star Author Austin

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Message Posted: Mar 8, 2013 8:31:19 PM

Someone will buy it for sure.
Math6149
Champion Author Jacksonville

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Message Posted: Mar 8, 2013 8:29:11 PM

Because it makes money for them.
bouncing4fun
All-Star Author Sacramento

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Message Posted: Mar 8, 2013 8:27:42 PM

ok
hcivic
Champion Author Virginia

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Message Posted: Mar 8, 2013 8:26:24 PM

the XL pipeline will eventually get the go-ahead
F34RL3SSNIT3
Veteran Author Austin

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Message Posted: Mar 8, 2013 8:23:15 PM

Interesting
granitestater
Champion Author New Hampshire

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Message Posted: Mar 8, 2013 8:22:30 PM

That raises the question:
What's the difference between Canadian beer and Canadian oil?
--The oil tastes better!
SavALot
Champion Author Virginia Beach

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Message Posted: Mar 8, 2013 8:16:59 PM

it's all relative though...
BREW9
Champion Author Tampa

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Message Posted: Mar 8, 2013 8:15:29 PM

ok
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