The contracted price do allow for movement and linked to price of WTI to some extent. Oil and Gas like others will always hedge majority of their forecast production to enable the project to develop it to production as upfront investment is huge. They just merge with OSH and apparently the assets from OSH was supposed to benefit the most from high oil prices as they have additional capacity to what is contracted so they will have another qtr of record revenue and cashflow as well as profit but nothing seem to move the SP. Perhaps KG should be a bit more generous with dividend now that we will have integrated the OSH side of business
STO - Brave new world, page-54
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