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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (33698)	4/23/2008 3:38:37 PM
From: Haim R. Branisteanu	Respond to of 217836

Made today a recommendation to one my institutional clients Sell short 1/2 position in calorific value of Dec 09 crude oil Buy 1 to 1.2 position in calorific value of ARA Coal (Holland landed Coal) EU is converting many of their remaining oil or gas powered electrical power station to coal. As an indication energy from oil is 3 times more expensive than same form coal. 6.6 barrels of oil are 1 tonne and cost $775 containing around 10,000Kcal x 1,000 1 MT of coal has around 6,000 to 6,300Kcal x 900kg and ARA landed cost $140 $775/1.66 = 450 450/140 = 3.2