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Mini Rebound In Commodity and Offshore & Marine Plays?
24 Jun 09

Overnight, while U.S equity indices remained relatively flat ahead of the FOMC meeting, commodities rebounded and U.S Treasuries continued to rally. NYMEX crude oil futures rallied 3.5% day-on-day (dod) to US$69.24 per barrel, Reuters / Jefferies commodity price index (an average of commodity futures prices) increased 1.5% dod to 249.8 and…

Overnight, while U.S equity indices remained relatively flat ahead of the FOMC meeting, commodities rebounded and U.S Treasuries continued to rally. NYMEX crude oil futures rallied 3.5% day-on-day (dod) to US$69.24 per barrel, Reuters / Jefferies commodity price index (an average of commodity futures prices) increased 1.5% dod to 249.8 and US 10 year Treasury yields fell another 0.06 percentage points (bond prices and yields move inversely).


Commodity related plays
The overnight rebound in commodities may have a spillover effect on both commodity related counters as well as Offshore and Marine stocks. The following warrants have exercise prices close to their respective last traded underlying share prices:


Crude Palm Oil
Call warrant IndoAgriMBLeCW091002 (H6WW) exercise price $1.60.*


Commodity Supply Chain
Call warrant NobleGrpMBLeCW091203 (H8UW) exercise price $1.95.*


Offshore & Marine
Call warrant CoscoCorpMBLeCW091102 (H7EW) exercise price $1.55.*

Long dated CoscoCorpMBLeCW110502 (H3JW) exercise price $1.50.*

Call warrant Ezra MBL eCW100104 (H9AW) exercise price $1.40.*

Call warrant KepCorp MBLeCW091103 (HS4W) exercise price $5.80.*

Call warrant KepCorp MBLeCW091103A (H7AW) exercise price $7.80.*

Call warrant SembMar MBLeCW091002 (HW9W) exercise price $2.40.*

Call warrant SembMar MBLeCW091103 (H7UW) exercise price $3.40.*


Macquarie Cosco Corp Warrants
Trading Call Warrants (Short term bullish view)
CoscoCorpMBLeCW090902 (HJ1W) exercise price $0.776.*
CoscoCorpMBLeCW91103 (HS1W) exercise price $1.067.*
CoscoCorpMBLeCW091102 (H7EW) exercise price $1.55.*

Trading Put Warrants (Short term bearish view)
CoscoCorpMBLePW91103 (H1JW) exercise price $1.00.*

Long Dated Warrants (Long term bullish view)
CoscoCorpMBLeC110103 (G9XW) exercise price $0.97.*
CoscoCorpMBLeCW110502 (H3JW) exercise price $1.50.*


Macquarie Ezra Warrants
Trading Call Warrants (Short term bullish view)
Ezra MBL eCW100104 (H9AW) exercise price $1.40.*


Macquarie Indofood Agri Resources Warrants
Trading Call Warrants (Short term bullish view)
IndoAgriMBLeCW091002 (H6WW) exercise price $1.60.*


Macquarie Keppel Corp Warrants
Trading Call Warrants (Short term bullish view)
KepCorp MBLeCW090907 (HI9W) exercise price $4.50.*
KepCorp MBLeCW091103 (HS4W) exercise price $5.80.*
KepCorp MBLeCW091103A (H7AW) exercise price $7.80.*

Trading Put Warrants (Short term bearish view)
KepCorp MBLePW091002 (HX0W) exercise price $5.50.*

Long Dated Warrants (Long term bullish view)
KepCorp MBLiCW091002 (GN3W) exercise price $6.80.*


Macquarie Noble Group Warrants
Trading Call Warrants (Short term bullish view)
NobleGrpMBLeCW091202 (HR0W) exercise price $1.50.*
NobleGrpMBLeCW091203 (H8UW) exercise price $1.95.*


Macquarie SembCorp Marine Warrants
Trading Call Warrants (Short term bullish view)
SembMar MBLeCW091002 (HW9W) exercise price $2.40.*
SembMar MBLeCW091103 (H7UW) exercise price $3.40.*

 

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