An unknown trader raised $7.5 million after US President Joe Biden announced a public debt agreement, one of the clauses of which was to authorize the construction of the Mountain Valley gas pipeline. The trader had bought 100,000 options for a gas pipeline construction company two days ago. In this respect informs Bloomberg agency.
An anonymous trader who purchased 100,000 call options at Equitrans Midstream Corp. – a company involved in the construction of the frozen Mountain Valley gas pipeline – managed to raise nearly $7.5 million after US President Joe Biden announced a deal with the Republicans on the US national debt law. The publication noted that one of the points of the agreement is the resumption of the natural gas pipeline project.
According to the agency, the acquisition of the shares a few days before the deal may indicate that information on the rise in the level of public debt may be leaked. Bloomberg pointed out that Mountain Valley shares fell 35 percent in 2022 when the natural gas pipeline project was frozen, and jumped as hard as 49 percent after Biden’s public debt decision.
June 3 Biden declarationHe said the situation with the public debt had been resolved and thus a collapse was averted. Biden noted that the crisis was averted thanks to a bill to raise the national debt ceiling in the country, but “the risk is higher than ever”. He added that after the adoption of the bill to raise the national debt ceiling, neither party got what it demanded, but the American people got what they needed.