in my opinion, ctpoa are a very good buy at the moment. given that we now know there will be drilling before 30-jun-2010 (expiry date of ctpoa), the time value should go up theoretically. don't think we have seen that happen yet.
disclosure: holding CTP CTPO and CTPOA
doubled my CTPO holdings this morning and got into CTPOA this morning (again, after selling them a few wks back when it wasn't certain that we were drilling this quarter)
Cheers Aaron
CTP Price at posting:
16.2¢ Sentiment: Hold Disclosure: Held
