fatpitch2

First Comes Deflation, Then Comes Inflation

I am very long energy at this point and have been for a long time...

I thought the $145/bbl was too much too quick and would not last but have up to now thought that the decline to ~$70/bbl was a bit overdone as result of unwinding of hedge fund positions & etc....

However at this point I am wondering if as a short term hedge against a further delcine to <????> $50/bbl it might be time to buy some short-term calls on something like DUG ... perhaps right after Friday's announcements by OPEC?

Any thoughts?