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Price protection going forward?
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Irrigate NE
Posted 1/21/2014 11:32 (#3622531)
Subject: Price protection going forward?


South Central NE
Hedgefund, Sat, Tara, etal,
We are sold out for '13 and '14 long ago for nice profits. But, we have nothing done for '15 or '16. So do you guys expect any spring rally at all or are you just overall bearish going forward? I note that both years are in the 4.60ish range. Is that the best we can hope for? We can still generate a small profit with those revenue levels. Also, would you use PUT spreads or straight futures. We would do elevator HTAs or Puts but we do not like to give up basis leverage. Thanks in advance...
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