In a fascinating twist of price trends, a barrel of Canadian heavy crude that is selling for less than US$20 a barrel in Alberta could sell for three times that on the Gulf coast, the Calgary Herald reports , citing an analyst from AltaCorp Capital. “We’re not even talking about a different barrel,” Nickolas Lupick said. However, only a small portion of Canadian heavy crude reaches the Gulf coast. The companies that have the luck, or maybe privilege, to have pipeline and rail car capacity to ship their crude to the south are making out like bandits. MEG Energy corp. and Cenovus are probably among the lucky few who are selling some of their otherwise cheap crude at US$64.74 per barrel, while the competition is taking it on the chin. According to data from the EIA, the total is about 458,000 bpd. A lot more, or some 2.64 million […]