BPT 1.20% $1.27 beach energy limited

did nelson sell out too cheaply??, page-33

  1. DSD
    15,799 Posts.
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    As Buddy notes: 'Management cancelled their hedgings (which guaranteed them a secured price), for the totally unsecured future, and paid $50mill along the way for the privilege to do so'.

    Incredibly bad decison!!! Cancelled the hedge at absolute top of the mkt. Triple sigh.
 
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