"(1) The hedging which had a price ceiling on it. That has now been lifted and they are now able to take advantage of the high prices of oil.)"
Champ,
From what I was told, and from memory, BPT had about a third of the production hedged at around the $80 US mark, (I can stand correcting if it is wrong, but I am confident that it is right), and the rest (remaining 2/3rd was sold at market.
If that was the case, how can it be better to be out of the hedging now???
Buddy
simple maths, page-9
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$1.43 |
Change
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Mkt cap ! $3.250B | |||
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