i know, in CA, most folks were a little startled to see how many actual kwh were saved just through simple, voluntary conservation. in addition to an unusually mild summer, a manufacturing recession, abrupt reductions in business travel, etc... unique, perfect storm conditions for those agile traders on the short side of energy. of course that certainly didn't include me. no, at the end of may, i had naked puts written on bjs, pten and xto. that turned out to be a little expensive. so, i'm hoping mirant might climb back to the 30's but i'm not holding my breath. fwiw, goldman sachs loves cpn, mir at current levels...they would.
regards,
larry |
