FAR 0.00% 52.0¢ far limited

Ann: Annual Report 2018, page-305

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    lightbulb Created with Sketch. 804
    Why does that matter?... Each company manages their own book independently and has their own risk appetites and capital structures to support any positions. I suspect FAR will sell forward for Financing arrangements (at least for first few years mostly fixed discount price or some formula linked) & WPL would manage any volume/price exposures within their own approved limits and probably take fixed and spot oil positions regardless of where it comes from physically, that's just portfolio management.


 
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