Word: perring
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Dates: during 2000-2009
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...Exchange (NYMEX), oil settled with over a $22 spread between the February 2009 and February 2010 contracts. In other words, if a company bought oil on the February 2009 contract, stored it for a year and sold it on the February 2010 contract, it would make more than $22 per barrel, excluding the costs of the operation. This represents a greater than 60% gross return! Since interest, storage and delivery costs should amount to significantly less than the $22 spread, the venture would yield a virtually riskless profit, or arbitrage. When the February contract ended trading in late January...
Since then, future oil prices have come closer together, averaging just over a dollar between contract months over the next year, or slightly more than the $1.02 per barrel per month price tag that Morgan Stanley had reportedly been negotiating in mid-January. The apparent correction is unlikely to have been caused directly by an institution like Morgan Stanley, but instead by a perception among traders that the average $1.25 spread between monthly contracts is reasonable. Of course, leasing a tanker is an extreme measure of storage, and the cost of storing at a more traditional location is much lower...
...generate favorable momentum before it faces the Terriers—the most decorated team in Beanpot history, with 28 championship trophies. The win also allows freshman goalie Matt Hoyle to build confidence before tonight’s game, in which Hoyle will face an opponent who averages 3.7 goals per game. BU has put together a five-game winning streak, including a 3-1 victory over Merrimack on Friday night that saw the Terrier’s long-time coach, Jack Parker, earn his 800th career win. As the second-best team in the country, the Terriers bring...
...Although he leads the team in assists, his 7.4 points per game average is nothing to write home about. But the team followed his lead on Friday night, and he delivered, getting inside and getting to the line frequently to frustrate the Crimson defense...
...visit the Lazy Dog Inn, where there are plenty of cross-country skiing and snow-shoeing trails to explore. Plus you can watch sled dog races. There's also doggie day care if you meet someone special and want to head out on the town. Starting at $90 per night.201 White Mtn Hghwy, Chocorua...