Yes they need to tie up everything in a hurry or they will wade in to the tsunami of interest rates and inflation that is about to happen. While energy was a a moderate hedge, it isn’t when you leverage highly and your ‘loose ends’ amount to a credit/debt issue and companies that require debt finance to make these plants happen.
the clock is ticking and they are all deaf. Tick Tock MFs. Tick Tock.
Yes they need to tie up everything in a hurry or they will wade...
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