tip of the iceberg
Greenwich, Conn.-based hedge fund Amaranth Advisors LLC may report a year-to-date decline of up to 35% due to heavy losses in the natural gas market, according to a report Monday on CNBC television. An Amaranth spokesman was not immediately available to comment on the report. Early last month, MotherRock LP, an energy hedge fund run by the former president of the New York Mercantile Exchange, said it was shutting down after suffering big losses in natural gas markets in recent monthall of the bandwagon types buying into huge profits on oil/gas speculation will be running scared. The price will fall, the proper price should be between 40 and 50 dollars per barrel.
thanx,
bill