Inventory is still at record levels but is headed in the right direction
It is dedicated entirely to their Argentine operations. Nice read
Pre-market volume is light but prices look very strong. Added 1,000 shares last week on margin and they will get sold by Friday one way or another. Hoping for a quick 10%
I am expecting a very strong payout but been wrong before. Market is giving it all a big yawn
"TEMPE, Ariz., March 16, 2015 (GLOBE NEWSWIRE) -- Northern Tier Energy LP (NYSE:NTI) ("Northern Tier") will report its financial results for the first quarter ended March 31, 2015, on Tuesday, May 5, 2015, before the open of trading on the New York Stock Exchange. Northern Tier will also host a conference call to discuss these results on Tuesday, May 5, 2015, at 11:30 a.m. EDT."
36 billion in 2 months
Overall the crack spread which translates almost directly to refining margin and profits shoul be fairly strong in the first quarter.
"he economics of refining a barrel of crude oil into gasoline appreciated from $6.74 in January to peak at $33.75 by late February. Gasoline prices were one of the first clues that the demand for oil products would increase, given lower nominal crude oil prices. As of the close of business, Friday, April 24 active-month gasoline crack spreads closed at $27.09 per barrel. Therefore, gasoline prices have outperformed the price of crude oil and provided a signal that oil had reached a bottom, given the demand for refined energy, gasoline."
Plains All American had Bakken spot pricing as low as $29 and change in first quarter. It was up to $46.44 yesterday. It's all about the price of crude and WTI is above $58 today.
Willy, good point and for the most part I agree but as you know Bakken Sweet spot is roughly $10 to $12 less per bbl and WTI. Bakken Sweet on the Plains Marketing site was $46.44 yesterday. The train shipments to the east coast run around $16 under brent. Makes the ratio just a bit different but still valid.
Key is that Whiting took a hit with the stock offering and reset the numbers
Bait it could be. Keep the tractor going strong. Here is to a good crop for you and all those hard working farmers this year
Oil futures moved sharply higher on Wednesday after weekly data from the Energy Information Administration showed U.S. crude stocks rose less than expected last week as inventories at the oil hub at Cushing, Oklahoma, declined for the first time since November.
Crude stocks at the Cushing, Oklahoma, delivery hub fell by 514,000 barrels, EIA said. The decline at Cushing was the first since Nov. 28, according to EIA data.
I agree and that is why I would like to see a spin off vs an out right sale. Combined with Whiting assets they would have a sizable presence in the Bakken and room to grow. The current share holders would own a piece of the new company and give us an opportunity to grow as well
I would love to see a joint venture spin off with Whiting and their gas plant. The two operations are in the the same general area without too much overlap. They could be very complimentary and would allow both companies to monetize this investment.
With some big common ownership and a desire on both sides to monetize these assets I would think this is being looked at.
It is possible that we might see a spin out combining the Whiting pipe line assets and gas plant that is for sale with the Triangle assets. These are synergistic and Paulsen owns a big chuck of both