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0.00% 0.9¢ calima energy limited

CALIMA ENERGY - Positive Outlook, page-96

  1. monark
    7,877 Posts.
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    31/10/23
    22:37
    Post #: 70653514
    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.
    CE1 Price at posting: 8.8¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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