Summary
AltaCorp in its May 26 report details a very contrarian bullish oil thesis.
They argue that the market is ignoring the crude quality difference between OPEC and US shale.
While US shale production continues to grow, the world will still be short of the crude grade that refineries want.
…continue reading AltaCorp’s Contrarian View – OPEC vs US Shale; A Tale of Two (Very Different) Crudes