Micro Energy Trader

On July 29, I recommended that you set a sale of the Triangle Petroleum Corp. (NYSE MKT:TPLM) January 2016 $2.50 puts (TPLM160115P00002500) at $0.35 (thirty-five cents), or $35 for a contract on 100 underlying shares. This had become the ask price on that date and comprised a net profit of 133% for a put we had only purchased two weeks previously (on July 15).

Yesterday, that $0.35 became the value of the last recorded sale (with the ask extending to $0.40). If you had locked in an automatic sale order with your broker, you should already be reaping the benefit of a nice (and quick) turnaround. If you did not, do so this morning.

And congratulations on a hefty gain. Write in and let me know how you did on this one.

 
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Categories:    Micro Energy Trader
Tickers:    BDCOTPLM
Jul
27
2015

Sell CCLP

The downward pressure on oil prices and persistent natural gas prices below $3 per 1,000 cubic feet has continued to weigh on related stocks. The result has been a decrease the value of what had been well-performing stocks in the Portfolio.

CSI Compressco LP (NasdaqGS:CCLP) triggered its trailing stop during trade on Friday. If you have been following our approach, you are already out of the position. If not, sell this morning.

CCLP carries a 13.1% annualized dividend and had been strong until recently. As a result, the trigger Friday amounted to less than a 4% overall loss on the stock, Remember, the trailing stop dictates a sale if a share declines 30% from its highest value while held.

 
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Categories:    Micro Energy Trader
Jul
23
2015

Move on DHT

The resurgence in the oil and oil product tanker segment continues as better combinations of contract and spot hauling prices improves the bottom line.

In addition, there are some new developments here that are likely to increase profitability. In addition to the use of older tankers as stationary offshore depots for the holding of onshore production and offloading to larger deep sea tanker traffic, other advances are underway.

Primary here involves the FPSO/FSO market. FPSO stands for Floating Production, Storage and Offtake, while FSO refers to Floating Storage and Offtake. This is quietly becoming a major ingredient in the liquefied natural gas (LNG) market.

 
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Categories:    Micro Energy Trader