GREY:LSTMF - Post by User
Comment by
XKidon Mar 15, 2013 8:27pm
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Post# 21138333
RE: The Close!!
RE: The Close!! Everybody need to step back and take a breath. Look at Pennwest as well. Same type of move. The reason for the move up is the $10 jump in Edmonton par the last two days, that is huge for PBN. They are also getting pretty close to WTI for their bakken crude as well.
There's great potential for things to keep going well next week as well. Expect bernanke to remain dovish, US$ weakness, hopefully china MFG PMI comes in above estimates and Chinese property prices below add to that more drawdowns at cushing and PBN could get another buck. Its a lot to ask for but it's possible.
So much torque to high oil prices and tight differentials, and lots of things that can go right for a change. GLA