Ann: Line-item guidance and other items, page-7

Hi Oc, your comments that
"In excess of a billion dollars in hedging losses is truly pathetic.I am a long term holder and have never seen such a monumental screw up.Heads need to roll."



Well in the report they stated that other losses would be between $1B and $1.1B. They said that hedging losses are included in that bucket.

They did not state that hedging losses are in excess of $1B.

Last year as a much smaller company their "other losses" bucket was $811M. This year as a larger company they are saying it is $1B to $1.1B. Not surprising that bucket could be larger I would have thought.

They previously stated that hedging losses were $500M YTD at September. We do not yet know what hedging results are for calendar Q4 yet.

You may be right that they had large hedging losses in calendar Q4 or maybe there are some other chunky items in that total. Perhaps we can wait to see the full report before reaching conclusions and summarily dismissing the team...

Cuppa