Insight
Canada bitumen oil sands price assumptions versus forecasts
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Report summary
A brief description focused on the importance of regression analysis in coming up with a planning price forecast. In this case we examine the relationship between Western Canadian Select (WCS) and WTI. The WCS-WTI discount has rapidly shifted in the past and is likely to do so again. We also provide an example of Wood Mackenzie's bitumen forecast calculation which incorporates both a fixed dollar and percent discount.
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