Now if we are going to have a balanced discussion that neither ramps or down ramps (down ramping is also a thing, though it is known by another name "stock bashing".. )
Interestingly the term, or strategy, is characterised by nom de plumes posting incessantly on a stock they don't own in a negative & repetitive manner.
Both forms could be considered to convey false & misleading information..
API being the main point of contention I believe..
You say it may all be about the API?
2 Days ago Reuters said the same thing only they placed it in a different light.
All up costs to produce in Cuba, including the exploration, are around $12US a barrel from memory.. Could be a little higher, or might be lower.
Regardless, it would seem to be a profitable undertaking & overall venture so it MAY not be about the API & people MAY not have to hide in shame in a few months.
Might we agree, in all fairness? Gltah h8tey...US Gulf Coast heavy crude oil prices firm as supplies tighten
HOUSTON, April 9 (Reuters) - Prices for heavier crude oil along the U.S. Gulf Coast have climbed in recent weeks, trading at a rare near-par with lighter oil, a sign of supply tightness that could add to rising gasoline prices.Refineries along the Gulf Coast, which account for more than 55% of total U.S. refining capacity, are geared to run medium and heavy crudes which produce more diesel and jet fuel than lighter oil. Heavier crudes are typically cheaper as they are dirtier and cost more to process.Pushing up heavy crude prices are falling oil exports from Mexico, opens new tab, the potential for resumption of sanctions on Venezuelan crude, the imminent startup of a Canadian pipeline, and continued output cuts by the Organization of the Petroleum Exporting Countries and allies (OPEC+).Heavy Louisiana Sweet crude traded at a $2.60 per barrel premium to West Texas Intermediate (WTI) crude futures on Monday, compared with a premium of a $2.80 for Light Louisiana Sweet, according to pricing data provider
Mexico's cuts will reduce exports of its flagship Maya heavy crude by 122,000 barrels per day (bpd). Spot prices for Maya along the Gulf Coast climbed to about $77.20 per barrel so far this month, compared with about $70 in the last quarter and last year, according to General index data.Adding to supply tightness for Gulf Coast refineries, Washington has signaled it could reimpose oil sanctions on Venezuela's oil exports. The U.S. imported between 140,000 and 170,000 bpd of Venezuelan crude in recent months.
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