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.
the hedging strategy is insurance against share price weakness....
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Last
12.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $80.71M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 13.0¢ | 12.5¢ | $185.4K | 1.453M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 14177649 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 5290348 | 53 |
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| Last trade - 15.59pm 22/05/2024 (20 minute delay) ? |
| CE1 (ASX) Chart |