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re: Oilfield rumors
Posted on 4/10/15 at 3:20 pm to GREENHEAD22
Posted on 4/10/15 at 3:20 pm to GREENHEAD22
They have a HUGE, long term hedge position at fantastic prices - like 75% of their production through 2018. Their hedge book alone is worth probably close to $750 million today.
1
Posted on 4/10/15 at 3:28 pm to sneakytiger
SOB, some bank or firm is getting raked over the coals. I have never heard of hedging contracts that long.
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