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CALGARY, AB – Effective November 1, 2022, Saskatoon Leaseholds Limited (“SLL”) was purchased by 2163754 Alberta Ltd (“216”). 216 acquired all of the issued and outstanding common shares of SLL. SLL is a private Calgary based oil and natural gas company, specializing in royalty interests, royalty trust certificates and mineral rights located across Western Canada and the United States. SLL will continue to operate as a wholly-owned subsidiary of 216. For more information on SLL, please visit www.saskatoonleaseholds.com Western Canada Select (WCS) crude’s discount to the benchmark West Texas Intermediate (WTI) tightened on Monday. WCS for February delivery in Hardisty, Alberta, traded between $26.10 and $25.75 a barrel below WTI, according to brokerage CalRock. On Friday WCS traded between $26.45 and $26.25 a barrel under U.S. crude. The Canadian heavy crude discount has narrowed since TC Energy restarted its Keystone pipeline in December after a leak of 14,000 barrels in Kansas. The 622,000 barrel-per-day pipeline delivers Canadian crude to U.S. refineries. On Monday, TC said it has entered into a clean-up agreement with the U.S. Environmental Protection Agency, but it was too early to speculate on the cost of the work. Strong demand for Canadian heavy crude from U.S. […]
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