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Re: DewDiligence post# 5228

Thursday, 06/14/2012 9:42:30 PM

Thursday, June 14, 2012 9:42:30 PM

Post# of 29406
these are particularly timely
http://www.rbnenergy.com/the-bakken-buck-starts-here-crude-pricing-part-1

http://www.rbnenergy.com/the-bakken-buck-starts-here-crude-pricing-part-II

this might also be useful and they they think Bakken crude should trade at $0.50 to $1.00 premium to WTI.
http://www.turnermason.com/Publications/petroleum-publications_assets/Bakken-Crude.pdf

based on the higher gasoline yield, lower residue, Canadian pipeline construction, etc my WAG would be that $1 could be way low. I'd guess it could go for a 3 to 5% premium to WTI.

As of 1 week ago Bakken was trading at $11.65 discount to WTI
http://www.reuters.com/article/2012/06/05/markets-usa-cash-crude-idUSL1E8H5DK320120605

but then you have the wacko crowd that just doesn't understand numbers
http://www.desmogblog.com/new-bakken-shale-pipeline-cushing-ok-works


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