EXR elixir energy limited

Ann: Daydream-2 Stimulation Program Successfully Concluded, page-68

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    I dabbled in Oil futures back in 2021 when it was $15/barrel. Punters would gamble that when they buy futures at a certain price, the price of the asset will go up and therefore for the value of the futures contract. If there is enough time left in the contract, you can then sell your futures for more then what you bought them for. If you don’t sell them on time and the futures contract requires physical delivery, you might be stung with an actual oil barrel delivery

    General explanation:
    Gas future contracts are agreements to buy or sell a specific amount of natural gas at a set price on a future date. Think of it like placing an order now for gas you'll get later, but you're locking in the price today. This can help companies and investors manage risks by knowing exactly how much they'll pay or receive for the gas in the future, regardless of how prices change between now and then.

    For gas producers, Futures contracts help secure a stable price for their product, protecting them from potential drops in market value. By locking in a price now for gas they'll deliver later, producers can ensure a steady income, even if prices fluctuate. This also allows them to plan their finances with more confidence, reducing the risk of unexpected losses and providing a form of insurance against market volatility. In essence, futures contracts offer producers financial security and stability.
    Last edited by BasVermeulen: 22/08/24
 
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Last
2.8¢
Change
0.000(0.00%)
Mkt cap ! $39.18M
Open High Low Value Volume
2.8¢ 2.8¢ 2.7¢ $49.65K 1.776M

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No. Vol. Price($)
3 674894 2.7¢
 

Sellers (Offers)

Price($) Vol. No.
2.8¢ 67579 3
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