Mark Sellers: Carrizo optionalities add up to buying opportunityhttp://www.ft.com/cms/s/e0aedf1a-2659-11dc-8e18-000b5df10621.html
Boy is that a pie-in-the sky article. 150 - 250mm bls of oil in north sea when only 2 wells have been drilled - not likely. Seems like he needs to think of the optionality of that.
The article says $150 - $250 million, not 150 million barrels of oil. I suggest you cover your short position.