OTCPK:MAUXF - Post by User
Post by
poiseon Jan 15, 2013 6:37pm
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Post# 20842378
Another example of Bakken declines
Another example of Bakken declines MMT oil will be in demand. Within the last three months the private SE Sask companies have made numerous deals with large oil producers/operators from N. Dakota purchasing their oil for 5 to10% above WTI. The oil has been transported by trucks and rail. Their quotas have not been met as a result of massive Bakken declines. The estimated monthly quotas from the large producers are well below and will have to pay a penalty or purchase oil. The latter has made a few privates in a lucrative position.
The declines have not been acknowledged and once exposed will push the price of oil well above $100 WTI.
Poise.