There would be a few who sold out above 20c when the arbitrage was in favour of TPD and transferred into the other smaller gas plays like TEG, EXR etc.
TPD highs happened to be at their lows (coincidence).
In the past month TPD has retraced 20% while they are up around 20-30%. Thats a serious swing.
Wouldn't be surprised to see some of those profits find there way back to TPD as the scheme date gets closer. Quite possibly 100% position increase inside 2 months leading into STX T/O and TMK rerate once this is all done.
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There would be a few who sold out above 20c when the arbitrage...
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