Replies to post #84552 on Zeev's Turnips Patch-No Politics (ZEEV)

[Joe Stocks]

>>Joe, have you seen this yet?<<<

Unfortunately!

[south louisiana]

Vegas - RRI exited trading based upon a bad gas trade due to market action on Feb 24th. MIR confirmed the appointment of Cameron M. Bready as global chief risk officer on Feb. 25th. I hope this signals that MIR was not on the bad side of gas contracts. BWDIK

[augieboo]

Vegas Man, I can see an IPP using the futures market to hedge against fluctuations in supply prices, that's normal and prudent. But if, as the article states, RRI was actually trying to boost its bottom line through futures speculation, (as opposed to sticking to their business), then I would have serious doubts about management and/or the company's prospects -- my rationale being that somebody with some serious power in that company is either stupid or desperate or both. JMDO.