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DewDiligence

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DewDiligence

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Re: OakesCS post# 5225

Thursday, 06/14/2012 10:52:57 AM

Thursday, June 14, 2012 10:52:57 AM

Post# of 30494

[Bakken] oil is sold at a large discount to a dropping price for WTI.

In 2011, we discussed a claim by John Hess that HES’s Bakken oil was getting a premium to WTI (#msg-62546000, #msg-62518973 [second bullet from bottom]). Is it no longer possible for such a premium to occur, even on an intermittent basis?

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

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