The link takes you to a "teaser" that is mostly to take you to advertising.
At the link:
Bakken oil has been significantly lower than WTI because of the area's lack of pipelines and infrastructure necessary for transporting. However, EOG Resources is one company that's been ahead of the curve on this issue and is doing very well in the energy space as a result. EOG has its own transportation system set up and can therefore move its own oil to either Cushing, OK, (where the WTI price is) or to St. James, LA. (for LLS pricing).Unless it's in the video, which I didn't watch, EOG has something else of its own: its own sand mines in Wisconsin.
EOG is not the only one moving Bakken oil by rail. Many others are, including BEXP (now, Statoil).
Disclaimer: this is not an investment site.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.