Weekly Aegis update 3/25

[Fraser921]

https://www.linkedin.com/video/event/ur ... 560519680/

at 14 minute mark, they discuss swaps and collars...interesting

Say that there is "call skew" favoring collars

NG is up from 4.60 to 5.60 in less than 9 days driving the gassy names

Other topics: Counter-parties have to assess risks and don't have an unlimited budget

Heating oil: Summer vs winter is a 5 cent spread, normally .25 cents therefore summer is overvalued or winter is undervalued.
Points to short term diesel shortage. Saw some comments that rationing is coming. That sure will help supply chain!>my comment

[dan_s]

If Putin cuts off Europe's diesel supply, the Euro Zone is toast.

BTW the U.S. also imports diesel from Russia.

This country's farmers must have diesel to keep our grocery stores full.