Anybody who's spending that kind of dollars is doing it with some kind of knowledge base of heavy oil. That doesn't necessarily mean Canadian heavy oil, but they're likely in the Canadian heavy oil space already.
I think it was idle speculation that drove Shell Canada up last week. I don't see Royal Dutch being willing to pay up. This is something they've evaluated every year for the last 15 years, so why in a $60 oil environment is there a desire to rush out and do this? It makes no sense.
The market has already looked through the fourth quarter and is probably more nervous on gas right now due to the warm weather and high storage levels.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.