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re: Continental Resources unwinds its crude hedges - takes $433MM gain, goes naked
Posted on 11/13/14 at 2:19 pm to JasonL79
Posted on 11/13/14 at 2:19 pm to JasonL79
It's about securing a cash flow stream and locking in profits. The banks and PE firms that finance the independents will gladly give up that $10 of upside to ensure they don't lose $10+ on the wrong side.
1
Posted on 11/13/14 at 2:55 pm to sneakytiger
quote:
The banks and PE firms that finance the independents will gladly give up that $10 of upside to ensure they don't lose $10+ on the wrong side.
Makes sense especially with how the market has been in the last 6 months.
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