Discussion about this post

User's avatar
twebs's avatar

In re: both questions re: call options, I don't trade options for various reasons, the biggest one being I don't love being boxed in from a timing perspective. On AMPY, separately, implied vol is so high that you have to see massive upside in the stock before you start to make money, and I'm not sure that there is a ton of liquidity in anything long-dated.

Expand full comment
AVI's avatar

Great write-up and podcast. Are you surprised that the stock didn't react positively to the Q3 earnings?

Three questions going forward for you:

- How much in EBITDA do you think Beta would have done in FY21 that would be eligible for lost income insurance?

- What happens with the Beta ARO liability if CA somehow never allows the asset to operate again? Does it accelerate the balance sheet liability if they are forced to plug the holes today (or when the lawsuits finally end) instead of a decade or two in the future?

- Do you think mgmt. will sell assets? If so, which do you think are mostly likely and at what price?

Expand full comment
22 more comments...

No posts