Apr. 10 at 5:56 PM
$VG
Increased my position 20% last couple of days. Was never a war play for me, but after Ras Laffen damage I never expected to buy sub
$14 again. The whole "glut"scenario is busted through 27 at least. Only uncertainty now is Orlen and Galp arbs (smaller deals 1 and 1.5M) and BP damages. Galp uses same law firm/contract as Repsol that just lost in arb. I think Galp and Orlen settle this Q (VG already said they're in settlement negotiations). They want mo' gas asap. Cherry would be BP damages settlement. I think they hold a weak hand for anything over
$1 billion, which is already set aside. Stock is not the same as company so may take some back and forth, but fewer shorts now that they saw what happens and how quickly. Interesting times.
$25 EOY