If you punch up the BofA article by Leggate you will notice in the comments section no one agrees lol. Aside from one poster blathering about some "climate-focused coalition of investor groups" everyone was thinking the author was wrong. Not the first glaring example of a SA author that does not do much research. They are often only interested in payment for publishing. Cut and paste.... AND right there in related headlines it says Bakken crude trading at 41.75 per barrel. My Canadian source says WCS is under $50. [img][/img] Love the comments:
I would say that Leggate produced his comments with a random word generator.
and
Have they forgotten plain English? Grandiloquence has never contributed to comprehension. This analyst needs to absquatulate from the enterprise.
and...
Aren't low prices in oil (especially good quality light) improving refiners margins?
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