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DewDiligence

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DewDiligence

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Re: DewDiligence post# 1758

Thursday, 11/11/2010 2:32:41 PM

Thursday, November 11, 2010 2:32:41 PM

Post# of 30493
Bakken factoids: According to John Hess, most Bakken operators settle for a $7/bbl discount to the WTI spot price, but HES’ Bakken oil is sold at a WTI discount of only $3.50-4/bbl. Moreover, HES has a plant in the area to extract NG liquids from Bakken oil, thereby offsetting the $3.50-4/bbl discount and effectively realizing the entire WTI price.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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