IMO they have the right hedge strategy. They should continue to...

  1. 824 Posts.
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    IMO they have the right hedge strategy. They should continue to hedge 2-3 months out as the IOP strengthens, lagging to the current IOP but insuring against the downside in the medium term.

    If they do it right and don't get greedy they can setup up a very profitable Q4.
 
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