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Barclays Sees 'Opportunity' to Profit on EU CO2 Spread (Update1)
2010-10-04 15:34:12.673 GMT
(Adds spread contract in third paragraph.)
By Catherine Airlie
Oct. 4 (Bloomberg) -- Barclays Plc forecasts that the
spread between European Union carbon permits for 2012 and 2013
will shrink.
"It does seem just a matter of time before that spread
will start to narrow," Trevor Sikorski, a London-based analyst
at Barclays Capital, the lender's investment-banking unit, said
today in a note. "So now would be a good opportunity to take
the arbitrage opportunity that this presents."
The premium of EU emissions permits for delivery in 2013
over those for 2012, traded as a separate contract on London's
European Climate Exchange, narrowed 4.2 percent as of 4:30 p.m.
to 1.15 euros ($1.57).
Link to Company News: {BARC LN <Equity> CN <GO>}
For Related News and Information:
Top Energy Stories:ETOP<GO>
To contact the reporter on this story:
Catherine Airlie at +44-20-7073-3308 or
cairlie@bloomberg.net
To contact the editor responsible for this story:
Mike Anderson at +44-20-7673-2718 or
manderson34@bloomberg.net
