12/12/2005

Another mixed day. The natural gas ran up due to merger fever. But , why did the oil moved up, was it opec, the oil depot fire in London, or the winter storm coming later on the week. I don't know, but I added to my shorts on vlo when it hit 108, now my basis is 103.15. I'll continue to short the oils and watch for opportunities to jump into the natural gas. This oil moving upward is just ridiculous, with the past 2 weeks of higher inventory numbers it just doesn't make any sense to me at all and it is just getting me frustrated.


Longs Current unrealized g/l:
vrsn +.40/share
ice +.20/share
sndk +1.25/share

Shorts Current unrealized g/l:
vlo -5.45/share
sun -1.20/share