TMK - The FA trade was on the 150 (announced) vs 120 (expected) million barrels resource and a strengthening energy sector. The TA trade was on an uptrend to 15.
Balanced against stale holders and $ required to move the project forward, the uptrend reversed and I suspect most would have exited at 1 for a pip loss. Looked like a good risk/reward trade when the TH was lifted.
