I hold 3 issues of Energy Futures but I can’t add anything about when the big day will come. I think we’re now living on borrowed time.I hold the following (cost adjusted by interest received):Texas Competitive Elec 10.25% 11/01/15 cost: 37.5Energy Futures Holdings 10.875% 11/01/17 cost: 22.5TXU 6.50% 11/01/17 cost: 18.5Texas Comp is a sure loser, but I hope to make a few bucks on the other 2 holdings.At one time, quite a while back, I read that the regulated entities were “ring fenced” and they should survive. But things may have changed by now.Meanwhile NG prices are on a tear now (over $5 today). I think they need something like $7 or $8 to get back to breakeven. So maybe they are trying to hang on and hoping for last minute “Hail-Mary” NG recovery :)Howard
Texas Competitive Elec 10.25% 11/01/15 cost: 37.5Energy Futures Holdings 10.875% 11/01/17 cost: 22.5TXU 6.50% 11/01/17 cost: 18.5
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. M