Hi RJ This source shows a variance to the differentials to yours...

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danpech

1,109 Posts.

327

01/07/18

16:05

Post #: 34066572

Originally posted by robynjackson ↑

Actually, I should have been more specific when talking about Grieve, they bought all those puts and they lost several million on them IIRC.................I can't remember the exact amount, but the puts were for $45 a barrel.

And if you want to see the price of oil at various locations in the USA use the following link:

https://oilprice.com/oil-price-charts/block/1

Wyoming crude prices as of 28 June in Wyoming:

Column 1 Column 2 Column 3 Column 4 Column 5 Column 6

1 Wyoming

2
Wyoming General Sour
55.00
+0.75
+1.38%
(28 Jun)

3
Wyoming General Sweet
68.00
+0.75
+1.12%
(28 Jun)

So both are considerably under the price of WTI - Sweet by some $6/barrel and Sour by around $19 per barrel.

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Hi RJ

This source shows a variance to the differentials to yours which indicates the WY Sweet to be less than US$3 below WTI.

http://eadiv.state.wy.us/creg/WyInsight.pdf

Elk not needing to pay 3rd party transport costs would give it a small premium ( if the above source is correct) if that is really how it works.

Cheers

Dan

ELK Price at posting: 7.9¢ Sentiment: Buy Disclosure: Held

1 Upvote

0 Great analysis

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	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6
1	Wyoming
2		Wyoming General Sour	55.00	+0.75	+1.38%	(28 Jun)
3		Wyoming General Sweet	68.00	+0.75	+1.12%	(28 Jun)

Hi RJ This source shows a variance to the differentials to yours...

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