I am normally very against this but am short term on this and NAT (tanker company) as far as oil is concerned.
The setup is as follows: They have uniquely hedged themselves with oil swap contracts valued $50+ per barrel. Someone deserves a bonus. This is the highest valued swaps I have heard of recently.
I'd be surprised if this thing doesn't fill the gaps up to $2 before the ER on 5/27.
Hopefully more chances below 0.80 to buy.