I should correct myself here.
They have hedging of 750 thousand barrels@ a US$80 floor and 630 thousand Barrels @ US$60 floor. This is practically nothing and is to an advantage of BPT as they won't sell Oil for anything under that.
Just to re-iterate. There is NO ceiling to what they can get with the high oil prices.
They are also looking at maintaining the same oil production numbers for the nest 2 years so the revenue that they recieve will be very stable.
simple maths, page-12
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