Oil Patch Ride The Rails To Pirce Surge Interesting article in the Globe - just as I posted on the weekend. You can sense the higher WTI price is here to stay. I am sensing WTI will be testing $100 this month.
"Refiners hungry for cheap WTI oil and the price gap is close to normal now".
"Oil by rail ain't going away so pipelines have competition on a go forward basis"
FYI - some good buying came in late trading today for LEG to clean up the offers from 5.43 to 5.50, then fell back a bit. I am sensing some stronger buying maybe coming back to the oil sector. The market is just starting to reconize the higher WTI price is real. Cyprus gave us a dip, but that is over.
http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/oil-patch-rides-the-rails-to-price-surge/article10645730/