Savvy Trades and Investments

[jtomm]

Freeport, yep that's what it sounds like (assuming nothing goes wrong). Freeport's private so we can't know their finances. But man, for such a capital-intensive project I wonder how the heck they've survived with ZERO revenue for what will be 9 months! I don't know how much insurances cover and that sort of thing, but that's a long time.

Re natgas in general, will be interesting to see how much of a decline in drilling there is in natgas wells. I'd imagine a good chunk of new wells are unprofitable at this price. I'd guess a fair number of drill campaigns are being adjusted.