Profit From The Commodities Rout With Turquoise Hill And Continental Resources

Summary

  • Commodities from oil to copper plunged in May and June.
  • The move may have been overdone.
  • 2 ways to catch a rebound.
  • Looking for a helping hand in the market? Members of Sifting the World get exclusive ideas and guidance to navigate any climate. Learn More »

natural native copper isolated on white

VvoeVale

Not quite merger arbitrage

Here are two of my current favorite pre-arbitrage opportunities. Both stocks face substantial headwinds as their relevant commodity prices are routed. But despite the commodity weakness, I have reasons to believe that they will both work. The buyers

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TRQ

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CLR

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TRQ

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CLR

A divorce settlement check from Harold Hamm, chief executive of oil driller Continental Resources, to ex-wife Sue Ann Arnall in the amount of $974.8 million is shown in this image from a court document released to Reuters on January 6, 2015.

UMB

A better bet than a $974,790,317.77 wife?

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This article was written by

Chris DeMuth Jr. profile picture
36.45K Followers
Value, arbitrage, and event driven top performing ideas
Chris DeMuth Jr (ccdemuth@rangeleycapital.com) founded event driven hedge fund Rangeley Capital LLC and research service Sifting the World


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Disclosure: I/we have a beneficial long position in the shares of TRQ, CLR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: https://seekingalpha.com/instablog/957061-chris-demuth-jr/5549358-legal-disclosure

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