Q: I remember hearing that CNQ breaks even at $50 dollar oil. Question is, is this true, and does that include dividends. Also, I would like to know about CVE, Whitecap. I am wondering about US oil companies in the basins of Texas area and Montana area. What oil price do they need to keep operating (cost of operations).
Thank You again for your excellent services.
Earl
Thank You again for your excellent services.
Earl
5i Research Answer:
CNQ operating costs are in the $21 per barrel range so it has some cushion. But note that at a...