Formerly NE North Dakota, now NW MN | U/Z spread has really tightened. I can't seem to find a chart on it, but IIRC it was like an 8 c spread a few days ago, now it's almost under 3. Granted Z/h4 has widened a bit, but it's making me think someone's starting to wonder how much will be available end of '13.
Peter- What say you? Decent sign for HRSW basis? Know it's outa your geographical region, but you have a pretty good bead on spreads and basis. |