From the last known hedging contract, it was a long ride down in oil prices to USD26/brl POO.
HZN's risk management might be a bit more disciplined after that scare.
Anyway, I think the creditors would demand it.
Without hedging HZN probably need at least USD40/brl just to breakeven, all things considered.
protection via futures contracts, page-2
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| Open | High | Low | Value | Volume |
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