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clock Created with Sketch. 03/11/14
13:21
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Originally posted by Wanga
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It was generally a good quarter with no surprises.It has mainly confirmed two crucial HZN claims:From my point of view, the greatest news in this quarter remains the HZN oil hedging strategy: they secured the sale of about 800,000 barrels (50% of year oil production) for the price of about $96 a barrel till July 2015 - therefore, crucially reducing the effects of the current oil price decline over HZN yearly revenues. Here, please a standing ovation for the HZN board.
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Agree Wanga, good news especially on the hedging but +5% good news? Maybe or something else going on here that is very positive but we don't know about yet?
(20min delay)