Reason #34 Why I Love To Blog -- January 24, 2019

They must be reading the blog. Last night I posted a note suggesting that we are about to see an increase in Canadian CBR. This morning RBN Energy has a post on increased CBR coming out of the Bakken. Close but no cigar.

But here's the cigar! LOL. Platts/S&P Global headline: Canadian CBR hit a record 330,402 bopd in November, 2018. Wow. This is only the second time ever Canadian CBR has toppped 300,000 bopd since the Canadian government started keeping records on CBR.

Would it be going out on a limb to predict 400,000 bopd by end the end for 2019 for Canadian CBR? Right now at 330,000 bopd. A unit train carries around 85,000 bbls. We're talking one additional unit train every day to get to 400,000 bopd.

NOG: drops about 3% today. WTI holds steady, actually increases a bit on news that US crude oil inventories increased significantly week-over-week.

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Wandering Star, Lee Marvin