WHITING Refinery TRANSFORMER FAILURE Will BOOST CVE MARGINS- 435,000 bbls/d BP refinery SHUT DOWN due to LACK OF ELECTRICAL POWER due to TRANSFORMER FAILURE
- LARGE TRANSFORMERS are EXPENSIVE and USUALLY CUSTOM-DESIGNED so we will FIND OUT IF BP have a SPARE ONE HANDY
- IF NOT, they will have to ORDER ONE and it 'could' TAKE a BIT OF TIME
- this refinery is another GANGBANGER that Cenovus Energy 'MIGHT' BE TEMPTED TO BUY DOWN the ROAD as it is a HUGE CONSUMER of Canadian DILUTED BITUMEN {WCS, AWB etc.}
- TOLEDO and LIMA refineries will TAKE ADVANTAGE of the SITUATION IF THE SHUT DOWN is LONG ENOUGH
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