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  • The Fall of Semgroup and Its Impact on Oil Price [View article]
    Follow up question then . . . if SemGroup had been speculatively "shorting" oil with their hedges, explain to me how that causes a run-up in oil prices. Once those hedges were settled/novated/unwoun... and there was no longer a $MultiB short position out there, then why would spot prices go down?

    Either my understanding of the dynamics is screwy, or your logic doesn't foot . . . food for thought.
    Aug 01 10:22 am |Rating: 0 0 |Link to Comment
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