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re: EXXI - hitting new lows everyday
Posted on 11/4/14 at 2:28 pm to cwill
Posted on 11/4/14 at 2:28 pm to cwill
EXXI has collars and other hedges that I'd hope they can live on for the next 6-12 months if prices continue to tumble, hopefully giving them enough time to weather the slump. Not sure what their actual hedging profile looks like though, it's somewhere in an investor presentation.
1
Posted on 11/4/14 at 2:57 pm to sneakytiger
I dug deep and averaged down. Dug really deep. I sold at a slight gain at about $8.00. I guess I got tired of the entire mess, although I suspect I'll be kicking myself in another year or so.
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