I was assuming the BHP bond was in Australian dollars. If it's denominated in US dollars then that's a different trade altogether, and not one I would ever do with leverage.
I did buy CLB after you suggested it some time back (November 2010) at around $77, so it's done very nicely. Good pick by you.
More recently I've been trying to play low natural gas prices, and those stocks have been doing nicely.
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