you can protect the downside rather than forward sell - collars and caps. Best protection is to be the lowest cost producer you can be - and with the grade we have suggest that this will be case here.
Debt piece needed to start is going to be very modest given what a brownfields project will need - I wouldn’t entertain any financier that wants Mandatory hedging.
SPR Price at posting:
66.5¢ Sentiment: Buy Disclosure: Held
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