Bakken Oil Sold At Premium Compared to WTI; Could Affect 3Q12 Earnings

For investors, this is very, very interesting news and comment from SeekingAlpha.com. MDW has been reporting Bakken premium to WTI for quite some time now. It's not being reported elsewhere to any significant degree:

Since September 4, Bakken spot crude oil prices have traded above the price of West Texas Intermediate spot crude oil prices.

For most of 2012, Bakken spot crude oil prices traded at a discount to WTI prices and traded at a whopping $27.50 discount on February 9, 2012.

The new premium pricing is likely to last for a while, as detailed in the article Bakken Spot Crude Premium to West Texas Intermediate Could Last Into 2013 (previously linked).

This improved pricing environment for Bakken spot crude prices have still not been factored into the third and fourth quarter 2012 earnings estimates by many analysts. This could position some companies with a heavy concentration of revenue from Bakken crude oil prices to outperform their current revenue and earnings estimates for the third quarter.

So, we'll see.

Disclaimer: this is not an investment site. Do not make any investment decisions based on what you read here.