Core holding in my portfolio And the ones I manage. I look to lever our upside using TA on call and put buying. We keep 70 % of our position with a 5 % and trade 30 %.
I am of the opinion we will see more M and A in the next two weeks. The space is crowded. As oil breaks above 90 I am expecting M and A in mid cap producers , ( 10 to 50 BOE ) and one more mega deal of a company 3 billion market cap or higher.
Outstanding Value.