Road To California -- October 15, 2018 - Hallo friendsMY LIVE MY WAY, In the article you read this time with the title Road To California -- October 15, 2018, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article my style, Article my way, Article New ways, Article their way, We write this you can understand. Alright, good read.

Title : Road To California -- October 15, 2018
link : Road To California -- October 15, 2018

Road To California -- October 15, 2018

COP: From SeekingAlpha, COP loves Alaska crude.

ConocoPhillips has a major understated presence in Alaska. As a source of roughly half a million barrels per day of conventional oil production, Alaska’s upstream sector is highly profitable. During the worst of the 2014-2017 downturn, ConocoPhillips still churned out $4 million in net income from its Alaskan division in 2015 and $319 million in 2016.

That grew to $1.466 billion last year, which is better put as an adjusted $684 million (excluding major tax benefits and impairment charges).

In the years to come, ConocoPhillips is likely to keep posting higher and higher net income generation from its Alaskan division. 

Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on anything you read here or think you may have read here.

The reason I re-posted the above? From the same linked article:

Another huge factor in Alaska's favor is the ability to realize Alaskan North Slope pricing. The Alaskan Department of Revenue's website notes that ANS West Coast pricing was roughly $9/barrel higher than West Texas Intermediate pricing on October 11, 2018. This is due to Alaskan oil producers being able to sell all of their output to international buyers as warranted, which means buyers in Washington state and California need to be prepared to pay Brent-ish prices if they want Alaskan oil barrels.

Alaska crude trades at a $9-premium to WTI -- and California is a big buyer of Alaskan crude.

https://ift.tt/2dZyQXu

Thus Article Road To California -- October 15, 2018

That's an article Road To California -- October 15, 2018 This time, hopefully can give benefits to all of you. well, see you in posting other articles.

You are now reading the article Road To California -- October 15, 2018 with the link address https://mylivemyidea.blogspot.com/2018/10/road-to-california-october-15-2018.html

Tweet

Subscribe to receive free email updates: