Good point, throwaway...was it 400k barrels hedged? So as of now, they are making an extra US$200k profit. Or to put it another way, every couple of bucks on POO above $45 makes SXY at least Au$1m on the hedged production.
Can anyone remind me what SXY's forecast production total is? ie how much is unhedged?
Freeze to October Deal, page-52
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