the hedging strategy is insurance against share price weakness. I consider it to be a small cost to protect downside and we still get benefit on the upside.
WTI above $80 and we do very well. below that and it's a grind. if you believe the latter will eventuate sell and move on. plenty of opportunities out there.
otherwise the upside is significant.
CALIMA ENERGY - Positive Outlook, page-96
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Last
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Mkt cap ! $4.432M | |||
| Open | High | Low | Value | Volume |
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|---|---|---|
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Change
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| Last updated 15.59pm 14/06/2024 ? | |||||
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