Closed up 1c at 89.5 on decent vol of 672k. Given most oilers lost all their opening gains and ended down on the day ( BPT,HDR,STO,WPL to name a few ) AMU ended up having a very satisfactory day. Even if Katrina didn't turn out a bad as anticipated, you'd have to have pretty "big one's" to short the oil market at present. Supply is sooooo tight, and disruptions can come from lots of different angles. AMU is ramping up gas volumes by 3x in the next 12mths, gas was up 20% o/n to almost $10 ... the story is very solid, great value here IMHO.
Disc: Hold 49284 AMU ( probably look to add more on a break to say 92c ... maybe ramp up to 75,000 )
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