Batabyal, Sourav; Killins, Robert - In: Journal of risk and financial management : JRFM 14 (2021) 5, pp. 1-16
(WTI) benchmark and the Canada-specific Western Canadian Select (WCS) benchmark. The findings provide support for the view … individual oil and gas firms in Canada. Both WTI and WCS measures provide statistically significant evidence, but the results … support that WTI may still be the more relevant measure for Canadian-based firms. We also find that the spread between WTI and …