The weekly Australian has a page (P31) from the Wall Street Journal. The article is titled "Crowded pipelines limit Texan Oil profits" by Alison Sider and Ryan Dezember. The issue seems to be getting oil from Permian producers to Houston, where the oil can be loaded up onto tankers for export. As a result some producers are getting less than $60 a barrel for West Texas Intermediate, which is priced at $71.
I assume that BYE does not have this issue and has the bonus of selling Louisiana Light, Making it more valuable. However does this affect future projects as people on the mainland rush to build out more pipelines?
BYE Price at posting:
38.5¢ Sentiment: Buy Disclosure: Held
