"West Texas Intermediate crude increased to a four-month high on speculation that inventories at Cushing, Oklahoma, dropped for a third week.
Futures climbed as much as 0.9 percent in New York. Supplies at Cushing, the delivery point for WTI, probably fell last week, according to a Bloomberg survey. TransCanada Corp. (TRP) began moving oil out of Cushing to Texas on the southern leg of the Keystone XL pipeline earlier this year. A government report tomorrow will show that stockpiles of distillate fuel, a category that includes heating oil and diesel, declined by 2 million barrels last week as a winter storm hit the Northeast, a separate Bloomberg survey indicated.
“WTI is showing strength because tomorrow’s report is expected to show that Cushing oil supplies and national product stocks are down,” said Michael Lynch, president of Strategic Energy & Economic Research in Winchester, Massachusetts. “Cushing is being drained by a new pipeline, while product supplies are falling because of high demand.” "
"Crude in New York is rising “on expectations that Cushing crude supplies will continue to drop,” said Bob Yawger, director of the futures division at Mizuho Securities USA Inc. in New York. “The WTI-Brent spread has come in a great deal as a result and slipped to less than $8 during trading today.”
Cushing supplies fell 4.23 million barrels in the two weeks ended Feb. 8 as Keystone XL moved oil to the Gulf Coast.
“The opening of the new pipeline and increasing volume of oil moving out of Cushing has caught the imagination of everyone in the market,” said Bill O’Grady, chief market strategist at Confluence Investment Management in St. Louis, which oversees $1.4 billion. "
You got your answer:
"In addition, severe winter weather in the Permian Basin during late November caused downtime that adversely affected oil and natural gas production volumes in the area"
Of course that can be a convenient excuse for underperformance and we can note that distributions have been dropping steadily since August last year when they reached a temporary peak of .162. The monthly amount has dropped almost 40% since then and the trend is very clearly down.
The 'company' sets the record date.
The ex-date is set by the exchange to be 2 business days prior to the record date.
You are posting a lot but every post seems to be incorrect guessed at ideas based on faulty understanding.
You could try using google because all these terms have a specific meaning which is not that hard to find if you try.
All total nonsense. The ex-date is set by the exchange to be two business days before the record date. Even if WHX had any computers, your statements would still be nonsense.
Don't make it more complicated than it is. It's a simple condition...'the later to occur of the two conditions'.
What will be left to produce? The bboe limit is just an artificial limit, doesn't mean there are no hydrocarbons left in the ground after that.
You've been saying similar things about all MLPs (yes I know this is not an MLP) for years and been just about always wrong. The Alerian MLP total return index hit new all time highs on 4 days last week.