Friday, March 14, 2008

DealBreaker Afterhours: Is Bear Energy Selling Off Its Natural Gas Portfolio?

Hats off to DealBreaker, the snarkiest wired-in Bear Stearns commentators* of the last hour (year).
...So what will they liquidate? How about some energy inventory? Word is circulating among the energy traders that Bear Stearns is selling off its natural gas futures contracts and physical inventory to raise cash. The kings of energy trading reporting at Platts are reporting that Bear Stearns has now gone out and denied the reports....
Posted by guest, Mar 14, 2008 6:09PM
You heard it here first: Bear is getting sold over the weekend to JPM, possibly HSBC.
Followed by:
Posted by guest, Mar 14, 2008 6:14PM
@6:09 -- Yeah, I'm pretty sure I've already heard that a number of other places.
The post prior to that one:
Bear Stearns And George Bush
...But tonight CNBC is bringing us the next best thing: the President was interviewed by former Bear Stearns managing director Larry Kudlow. It airs tonight at at 7 PM ET on CNBC's "Kudlow & Company." We’re hoping it will be like an episode of Law & Order: SVU, with Goldilocks as the “special victim.”
*It may have something to do with
Blocking DealBreaker As A Leading Indicator