Gold/Mining/Energy : Big Dog's Boom Boom Room


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To: Covenant who wrote (167125)4/13/2012 8:18:48 AM
From: CommanderCricket2 Recommendations  Read Replies (1) of 178707
 
Covenant,

Do you understand the difference between the North American NG and the Asian NG market? Not quite the same.

"Nobody is going to pay a premium price to buy reserves in the middle of nowhere where no infrastructure exists."


This is what makes a market. I believe a deal in $1.50 - $2.00 mcf range is on the table with IOC while you think the above.

Are you actively shorting IOC? If so, what are your trades and we'll compare in a few months.

Mine are as follows.

A substantial amount of common shares recently repurchased for various accounts I manage and/or own.

Sold Apr/May/Jun $52.50 - $55.00 puts - several hundred contracts.

Good luck

Michael
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