Thursday, March 18, 2010
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2. This is where the next great oil boom is happening
 
3. ExxonMobil is going to spend a huge amount of money looking for oil this year
 
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2. "Atlas Shrugged" taxes blow up in Maryland’s face
 
3. Possibly the greatest mining boom of the 21st century
 
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5. It's official: China now dumping the dollar
 
Hedge fund makes BIG bet gas prices will triple
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Thursday, August 20, 2009
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By Daily Crux Editor Sean Goldsmith:

An undisclosed hedge fund made a multi-million dollar bet natural gas prices will triple by winter, even as the commodity hit a seven-year low just above $3 per mBtu.

The fund bought a load of call options giving them the right to buy gas at $10 per mBTu in January and February.

I doubt the fund actually expect gas prices to triple by winter... It's more likely the options were so cheap (due to the unlikely outcome), that the risk/reward ratio was irresistible.

Read full article...

More bullish energy bets:

George Soros makes huge bet on oil

T. Boone Pickens goes long oil; delays mega wind farm project

A MAJOR buy signal for oil



 

Topics: Energy | Commodities
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