Interesting article that outlined the crack spread advantage NTI has on Bakken crude. "Bakken margins are stronger in the Midwest -- averaging around $21/b over the past week -- as transit is shorter and cheaper for pipeline and rail delivery to regional refineries.
Bakken can be railed to the US Atlantic Coast for around $14/b, according to Platts data, with Gulf Coast rail costs are around $13/b. Midwest costs are less than $1/b." WCI crude yields an additional $30/bbl on top of this. At throughput of 95,000 bpd they will make a ton of money when they get back up to full production in a few weeks.
Whichever formula u use the spread seems to be widening by the hour..by the minute..Brent/wti is back up to 8.70 when it was in the 6's just a few days ago and even not that far back....nobody seems to notice so this must be a normal jump and i shouldn't be getting my rookie..lost my shirt in refineries..self get excited..