It look like Santa Rally will start on Monday. Canadian Dollar is bouncing back form the bottom of 95 cent. This will put the dumper on the rise of Canadian Oil Prices.

If the Rally will last for few days the RISK ON trade may be back in play which should help the junior oils to recover some ground.

dread dogs,

You are a very Brave Man. Holding 57k of CLL shares and looking to add more.

The Bitumen is not traded on the Futures Market so you can not follow daily prices like for WTI. Most of the Bitumen producers with no upgraders (like CLL) is mixing the Bitumen with Diluent (22% to 25% ) and selling it as a Dil-Bit. Prices are based on the Monthly average contracts.

I use the Dil-Bit prices at Hardisty Alberta and adjust for the transportation and Diluent cost based on the historical numbers provided by the CLL management.