Hi Jay -
Sold some Can roys today, as I think 1) they had a sharp run up and 2) I see some nice opportunites in UTEs.
SOLD all PWI, PVX, about 1/3 NCN, some ERF (1/5) and a little AVNNF, still my favorite.
Nice profits on all.
Sold FCO, a closed end foreign currency hedge, for small profit. I expect dollar not to move much for a while.
Bought -
more SRP at around $5.00, up a few cents now.
Some ELP, a Brazilian power company
More WMB, as it has a long way up to go, has nat. gas + pipelines, and had dropped a little recently
More CNP, - it had dropped recently
A little CRED, a tiny natural gas producer (Speculative)
Both CNP & WMB issued new bonds, appears that stock was shorted ahead of bond issues as somebody's hedge.
Watching SCLN , Sciclone, hoping for it to come down so I can buy more.
I expect equities to do well the next 4-5 days.
Still holding -
Royalty trusts - SJT, lots of AVNNF, lots of ERF & NCN, some PGH
Natural gas E&Ps - CRK, CHK, CRED, ROYL, ECA, XTO.
UTEs/IPP - RRI, WMB, MIR, CNP, SRP, some EP, Some ELP
Misc - NEM, SCLN, OS, PRRDX (tips bonds), JNJ |
