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389 Posts.
184
20/08/15
19:58
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I agree keithkamp. If most of our Oil is hedged until end 2016, then 0.14 is not a Valuation number.
From the way I read NYMEX historical data Oil has fallen ~75% last 12 months, whereas Natural Gas only down ~25%.
If SXY is Long/Strong in Gas (just ask TUI), then the SP is nonsense.
GLTA
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