PVX: Why energy is so sexy
All jokes aside, investing in energy is very attractive. Yes, I did say attractive. I like to invest to make money. Providing energy to consumers is a money maker.
While looking for opportunities in September, I came across Provident Energy Trust. Before the debacle we call the fourth of 2008, it was trading around $10 per share. While doing research, the stock was trading around $5.35. I saw a$5 call for October for over 80 cents.
My position was closed over the weekend. I will show my results after I run the numbers.