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

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To: chowder who wrote (40852)3/27/2005 10:30:16 PM
From: gregor_us  Read Replies (1) of 206321
 
I have wondered why the mega-caps like XOM, BP, TOT, RD and CVX don't buy an Independent, and, hedge the purchase by selling forward in the futures market. RD could buy Burlington Resources or Anadarko or Devon, scoop wonderful reserves, and hedge the purchase with futures sales.

Is that coming?

Meanwhile, Kurt Wullf suggests something similar in tonight's free posting: that individual traders sell the Futures, and buy the stocks.

The arbitrage makes sense.

mcdep.com

LP
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