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I believe hedging against price volatility is fairly standard...

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Quest09

975 Posts.

137

21/09/23

15:08

Post #: 69960195
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Originally posted by Quest09: ↑

Its a good announcement IMO.

Hedging their oil price so that they reduce price volatility is a wise move IMO. They also still maintain plenty of scope to take advantage of a rising oil price.

I like the update on the drilling of the 3 new wells.

Previous Announcement Versus Current AnnouncementPrevious

Current

I also like that we are seeing a strong flow in news and announcements.

I think this news flow will continue towards the end of this year and into the new year, which will provide a good catalyst for a rising share price.

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Originally posted by Quest09: ↑

Ongoing tightness in oil supply, while US stockpiles plunge to critical levels. The US will have to start buying up soon, hence further increasing demand, resulting in even higher oil prices.

Expand

Originally posted by invertedva: ↑

This hedging announcement gave me terrible flashbacks.

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I believe hedging against price volatility is fairly standard practice in the oil and gas sector.

IMO, it is a wise move and aligns CE1 with industry standards/practice.

CE1 Price at posting: 8.8¢ Sentiment: Buy Disclosure: Held
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