Valor View - 08/18

Valor View - 08/15

Valor View - 08/13

Valor View - 08/11

Valor View - 08/04

Valor View – NG – Jul 29 – August Expiry & Cal '26 Weakness

Opex & Market Overview * Monday had two things going. August expiry which pinned it towards the $3.00 strike and some deal in the back which saw everything getting hit in the backs * Cal '26 was almost 10 cents down before recovering later in the day * This latest move

Valor View - 07/29

Valor View - 07/23

Valor View -07/21

Valor View - 07/18

Valor View - 05/15

Valor View - 07/16

Valor View - 07/14

Valor View - 07/09

Valor View - 07/07

Valor View - 07/03

Valor View - 06/30

Valor View – NG – Jun 25 – Andurand Losses & Energy Outlook

Market Overview & Breakevens * Douglas is either an investor in Andurand or has a natural gas long vol, long delta position * ANDURAND HEDGE FUND’S YTD LOSSES WORSEN TO 60% * It's not been an easy ride for someone looking for that rally into the end of the month

Valor View - 06/25

Valor View - 06/23

Valor View - 06/20

Valor View - 06/17

Valor View - 06/16

Valor View - 06/13

Valor View - 06/12