Bulls are back!, page-20

Hi Auto,

The opportunity is there to hedge above $70. Back on the 8th April (seems longer than that) I posted this:http://hotcopper.com.au/posts/15047681/single in which I wrote

"BUT before you tap (pun intended) the markets Troy understand this:

1. Right now you may well have been presented with a gift. Check your hedging NOW!! The PR of Feb27 noted 40% hedged at average swap priced of $62.75 - good. Now maybe hedge another 20% for 2015 and 30% 2016?? Here is Brent forward strip:

http://www.profitquotes.com/commodities-quotes.mpl?c=BB&contract=Brent Crude Oil

Just position cursor over the month to see pricing: Oct=$62.90, Nov=$64.43, Dec=$63.87 and as we head into 2016 we have Mar=$64.96, Jun=$65.92, Sep=$66.80 and Dec=$67.52"

If you revisit that site you get:
Oct=$66.37, Nov=$66.76, Dec=$67.13
and as we head into 2016 we have
Mar=$68.01, Jun=$68.78, Sep=$69.48 and Dec=$70.06"

Time for ACTIVE HEDGING. Protect the cash flow and leave some upside and less downside.!!! And then announce you've done so - lowers risk for your shareholders and attracts buyers.