TAP
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0.00% 7.8¢ tap oil limited

xmanrocks I am astonished that you think I should know all about...

  1. coopec
    2,669 Posts.
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    07/03/15
    20:02
    Post #: 14877602
    xmanrocks

    I am astonished that you think I should know all about hedging!

    Since you are obviously expert could you please answer my questions (it should be very easy in hindsight)
    • So in October 2014 Tap should have hedged production at 80/90 USD?
    • For what contract term and how many barrels?
    • I am vaguely aware of the futures market but I assume Tap could have sold those Puts if there was a lengthy delay in start up.
    I appreciate you comments. Thanks
    TAP Price at posting: 28.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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