Wednesday, April 9, 2008

DCR John

Not positive John, but i'm pretty confident we're gonna get right back to the $9 area quickly. I saw that the %'s weren't the same (DCR vs UCR) and should have looked into it.

1 comment:

coinlieutenant said...

Joe,

One thing I do know is that fair value for both is when crude is at 60$ a barrell. Both UCR and DCR are worth 20$ there. They must always add to be 40$.

I should have been more prudent. I didnt know I was dealing with this kind of arbitrage derivative instrument