Not Logged In Log In   Sign Up   Points Leaders
Follow Us    9:00 PM

GasBuddy News Article

31
votes
Some producers 'brutalized' in energy stock sell-off: Canadian crude prices cause concern

Calgary Herald -- Forget spring breakup, a sell-off in oil producer stocks that began in the winter is persisting this spring, irking oilpatch investors and executives heading into the second quarter.

It's the time of year many CEOs blame soggy soil that thwarts drilling plans for lower production numbers. This year, they're more worried about the price of Canadian crude.

Oil-weighted producers based in Calgary have lost anywhere from 10 per cent to nearly half their market value in the last month as investors flee energy stocks. Money managers are pointing, in part, at steeply discounted Canadian crude prices.



Read the Full Article

Submitted Apr 08, 2012 By: rx7racerca
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Some producers 'brutalized' in energy stock sell-off: Canadian crude prices cause concern Back to Topics
REPLIES (newest first) Post a Reply
Pozole
Champion Author Portland

Posts:18,849
Points:2,375,545
Joined:Mar 2005
Message Posted: Apr 8, 2012 1:53:06 AM

...wannnh...
bdlewis
Champion Author Colorado

Posts:1,384
Points:382,905
Joined:Oct 2008
Message Posted: Apr 8, 2012 1:45:06 AM

Drill Now
RockCity
Champion Author Denver

Posts:11,404
Points:2,200,835
Joined:Mar 2009
Message Posted: Apr 8, 2012 1:41:19 AM

Next quarter the buyers will be back and they will create jobs, oops, I mean make another 4 mil, and the beat goes on, perhaps.
SUPPER
Champion Author San Bernardino

Posts:2,701
Points:1,796,805
Joined:Dec 2004
Message Posted: Apr 8, 2012 1:40:48 AM

Nobama
OldMan322
Champion Author Illinois

Posts:11,031
Points:2,368,345
Joined:Jul 2008
Message Posted: Apr 8, 2012 1:40:39 AM

"findcheap" It looks thay way
bluegrasser1
Champion Author Richmond

Posts:19,315
Points:3,394,465
Joined:Sep 2005
Message Posted: Apr 8, 2012 1:40:33 AM

They knew what they were doing.
mcmonsta
Champion Author Honolulu

Posts:6,193
Points:1,586,750
Joined:Sep 2009
Message Posted: Apr 8, 2012 1:40:31 AM

someones still making money off of this play
Double_Golden
Champion Author San Francisco

Posts:4,086
Points:1,154,255
Joined:Aug 2011
Message Posted: Apr 8, 2012 1:38:04 AM

ok
Scoutca
All-Star Author Orange County

Posts:532
Points:2,092,425
Joined:May 2004
Message Posted: Apr 8, 2012 1:29:50 AM

Makes you wonder some time what they were thinking!
Or if they even were thinking eh???
runner74
Champion Author Washington

Posts:6,015
Points:1,350,265
Joined:Jun 2011
Message Posted: Apr 8, 2012 1:28:56 AM

No one said anything when they were running up at a ridiculous rate.
fireless1
Champion Author Atlanta

Posts:5,180
Points:1,299,600
Joined:Dec 2010
Message Posted: Apr 8, 2012 1:27:04 AM

Yep
bart_reed
Champion Author Los Angeles

Posts:7,244
Points:1,566,615
Joined:Mar 2011
Message Posted: Apr 8, 2012 1:21:52 AM

More oil for the Chinese.
10k
Champion Author North Carolina

Posts:25,638
Points:3,032,850
Joined:May 2006
Message Posted: Apr 8, 2012 1:15:56 AM

and prices went up between 2-10¢ yesterday-gotta get that holiday gas loot..

too bad a good majority of peeps are staying put-snicker..
Gas Thirsty
Champion Author Los Angeles

Posts:6,372
Points:3,951,005
Joined:Mar 2003
Message Posted: Apr 8, 2012 1:15:12 AM

Brutal is right.
findcheap
Champion Author Los Angeles

Posts:12,847
Points:2,790,740
Joined:Apr 2007
Message Posted: Apr 8, 2012 1:14:12 AM

market speculation forces on downside
djgunrunner
Champion Author Salt Lake City

Posts:13,554
Points:3,123,260
Joined:Apr 2005
Message Posted: Apr 8, 2012 1:13:47 AM

If the deeply discounted crude prices are up there they are not coming to the states and if they are then the speculators and big oil got us again.
Dsin44
Champion Author Abbotsford

Posts:1,346
Points:311,440
Joined:Apr 2011
Message Posted: Apr 8, 2012 1:11:25 AM

hard to feel sorry for them a 4$ a gallon
wilbur_gas
Champion Author Los Angeles

Posts:3,042
Points:1,284,055
Joined:Mar 2011
Message Posted: Apr 8, 2012 1:05:55 AM

Interesting read
gudrench
Champion Author Houston

Posts:2,623
Points:530,565
Joined:Mar 2003
Message Posted: Apr 8, 2012 1:01:33 AM

It's a risk they take. No whining.
GigHarborHound
Champion Author Tacoma

Posts:4,033
Points:785,610
Joined:Sep 2011
Message Posted: Apr 8, 2012 1:00:07 AM

OK
singlemom27
Champion Author Ventura

Posts:6,261
Points:1,403,995
Joined:Apr 2011
Message Posted: Apr 8, 2012 12:59:52 AM

oh well...
vulcan96
Champion Author Ohio

Posts:27,181
Points:3,133,135
Joined:Aug 2004
Message Posted: Apr 8, 2012 12:59:08 AM

sure hope some speculators lost their shirts........
billy44bo
Champion Author Mobile

Posts:10,264
Points:2,255,560
Joined:Feb 2008
Message Posted: Apr 8, 2012 12:57:53 AM

To bad nobama does not want us to use the steeply discounted Canadian crude.

Tigercat88
Champion Author North Carolina

Posts:6,455
Points:1,397,890
Joined:Jul 2011
Message Posted: Apr 8, 2012 12:56:21 AM

Stocks go up and go down for sometimes no good reason.
TRYWI
All-Star Author Appleton

Posts:898
Points:282,150
Joined:Jan 2012
Message Posted: Apr 8, 2012 12:55:58 AM

okay
trinda1
Champion Author Fort Worth

Posts:2,011
Points:566,695
Joined:Dec 2010
Message Posted: Apr 8, 2012 12:55:07 AM

Smoggy was just an excuse anyway.
GoGoGoodyear
Champion Author Los Angeles

Posts:5,234
Points:901,555
Joined:Mar 2010
Message Posted: Apr 8, 2012 12:53:37 AM


It seems this oversupply problem is only affecting the price of Canadian crude. Here in the US we are still paying too much.
bailey1OH
Veteran Author Cleveland

Posts:299
Points:1,497,450
Joined:Jul 2008
Message Posted: Apr 8, 2012 12:47:38 AM

This is good.
themaninthehat
Champion Author New Orleans

Posts:1,824
Points:472,265
Joined:Feb 2011
Message Posted: Apr 8, 2012 12:47:13 AM

This part of so-called capitalism is simply not working.
btex49
Champion Author Austin

Posts:5,833
Points:1,280,605
Joined:Aug 2011
Message Posted: Apr 8, 2012 12:43:41 AM

Blah, Blah, Blah...
SteelPenny
Champion Author Dallas

Posts:38,467
Points:3,384,765
Joined:Sep 2005
Message Posted: Apr 8, 2012 12:43:14 AM

yes...?
OWENALOTT
Champion Author Appleton

Posts:2,182
Points:500,095
Joined:Apr 2011
Message Posted: Apr 8, 2012 12:41:44 AM

Interesting
humblepie
Champion Author Toledo

Posts:63,919
Points:3,153,595
Joined:Mar 2006
Message Posted: Apr 8, 2012 12:38:20 AM

chia will step in and buy it all up,
at bargain prices and pressure these
companies to export it all. much much
smarter then obama.
GAS1251
Champion Author Texas

Posts:8,418
Points:2,407,110
Joined:Jun 2008
Message Posted: Apr 8, 2012 12:36:36 AM

Shouldn't this cause the price of oil to plummet?
TWS658
Champion Author Portland

Posts:6,735
Points:1,518,800
Joined:Sep 2005
Message Posted: Apr 8, 2012 12:32:29 AM

Ok.
DTrainCanada
Champion Author Saskatoon

Posts:4,652
Points:2,190,750
Joined:Aug 2005
Message Posted: Apr 8, 2012 12:26:58 AM

It will come back ... hold on to your shares ...
MN1
Champion Author Twin Cities

Posts:6,480
Points:1,403,830
Joined:Jun 2011
Message Posted: Apr 8, 2012 12:23:11 AM

Greed is a double edged sword... no sympathy here.
2bigtanks
All-Star Author Akron

Posts:772
Points:371,610
Joined:Jun 2011
Message Posted: Apr 8, 2012 12:22:00 AM

Putting on hip waders right now!
computernut2008
Champion Author Ohio

Posts:9,783
Points:2,093,715
Joined:Oct 2008
Message Posted: Apr 8, 2012 12:18:57 AM

so
Canucktree
Champion Author Alberta

Posts:7,587
Points:1,725,885
Joined:Dec 2008
Message Posted: Apr 8, 2012 12:17:20 AM

Price of crude continues to climb?!
frostyWV
Champion Author West Virginia

Posts:2,340
Points:521,130
Joined:May 2011
Message Posted: Apr 8, 2012 12:14:55 AM

aw poor babies.
cbuck80
Champion Author Massachusetts

Posts:2,730
Points:922,430
Joined:Jan 2012
Message Posted: Apr 8, 2012 12:10:45 AM

ok
KhelbenArunson
Champion Author Michigan

Posts:7,514
Points:1,473,310
Joined:Apr 2008
Message Posted: Apr 8, 2012 12:09:52 AM

Perhaps it is looming prosecution and a lack of consumer confidence in Big Oil?
Dragnet
Champion Author Arizona

Posts:18,799
Points:3,661,455
Joined:Jul 2004
Message Posted: Apr 8, 2012 12:06:49 AM

Bump off the speculators and this wouldn't happen
comprof
Champion Author Houston

Posts:10,364
Points:2,134,290
Joined:Jul 2009
Message Posted: Apr 8, 2012 12:02:43 AM

The entire stock market is way over priced.
JohnofGB
Champion Author Flint

Posts:8,664
Points:1,872,570
Joined:Feb 2010
Message Posted: Apr 8, 2012 12:02:28 AM

Canadian oil sand crude cannot be easily transported , thus lower prices. The crude is transported by railroad car tankers.
hubcapLA
Champion Author Louisiana

Posts:3,905
Points:940,435
Joined:Apr 2009
Message Posted: Apr 8, 2012 12:01:45 AM

We'll take some
gamalerin
Champion Author Tampa

Posts:7,988
Points:1,768,565
Joined:Jul 2010
Message Posted: Apr 8, 2012 12:01:06 AM

very promising
wally52
Champion Author Little Rock

Posts:33,585
Points:1,547,670
Joined:Jan 2011
Message Posted: Apr 8, 2012 12:00:57 AM

More BS again
kcboy
Champion Author Utah

Posts:6,269
Points:2,065,995
Joined:Jun 2005
Message Posted: Apr 7, 2012 11:55:57 PM

ok
Double_Golden
Champion Author San Francisco

Posts:4,086
Points:1,154,255
Joined:Aug 2011
Message Posted: Apr 7, 2012 11:55:22 PM

ok
Road-Runner
Champion Author Denver

Posts:7,276
Points:1,961,715
Joined:May 2004
Message Posted: Apr 7, 2012 11:55:03 PM

Sounds like the Canadians are being brutalized by Obummer's War-on-Carbon!
Post a reply Back to Topics