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re: Continental Resources unwinds its crude hedges - takes $433MM gain, goes naked
Posted on 11/14/14 at 9:30 am to sneakytiger
Posted on 11/14/14 at 9:30 am to sneakytiger
quote:
Which they will continue to incur costs to produce, transport and market
not to mention oil/gas is a depleting resource and add on top that he doesn't plan to add any new rigs while prices are low, sounds pretty risky. unless he plans to buy production to keep their numbers up?
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