GREY:VFGGF - Post by User
Comment by
MTPockets1on Feb 25, 2013 2:32pm
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Post# 21039391
RE: RE: Beating down the discount blues
RE: RE: Beating down the discount blues The overhang on western producer's stock prices is in a large part due to the discount. So whether they use pipelines, rail or rail/barges the capacity issues are going to decline and there will be less price pressure on western oil - which in turn affects the SP. If keystone is approved, you may have some price competition on oil carriers. All good news for the oil companies. Good for investors buying at this price and looking ahead a year or two
If a couple of thousand tankers come on line each month, the contraint could start to ease before 2014.
I was Arkansas a couple of weeks back and the rail cars heading south were mostly oil tankers. So the industry is already adapting
imho