Cassandar Does Tokyo
Our long-oil (PBR, SU, SWN), long coal (MEE, BTU), long fertilizer (POT, MOS), and long iron ore (CLF, RIO) positions have been crushed (no pun intended), and though we remain hopeful going forward as the story remains “in tact”, our models have forced us to sell some in response to prevailing price action. [...]
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