Seeking Alpha

2013 has been an interesting year for oil and gas. In January, I recommended keeping some cash on the sidelines. There were several possible catalysts that could prove positive for the sector. The most important variable in the Bakken was a tightening of differentials. Rail logistics moved North Dakota and Montana crude to both coasts. With less oil piped to Cushing, it helped ease the bottleneck that was affecting all oil produced north of Oklahoma. The increased throughput of domestic crude has also increased WTI price realizations. Oil producers are also beginning pad development, this reduces costs but more importantly saves time. I believed some or all of these would be bullish for the sector for the second half of...

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