The way I see it and please correct me if I am wrong....but VAH look to be in an excellent position to report a profit due to the axing of the Carbon Tax, which was costing them millions a year and the drop in the oil price.
Can any tell me how the hedging works, if VAH hedged a % of their oil when it was a lot higher do they have to continue paying that or can they take advantage of the lower price for all the oil they purchase?
In a good position to report a profit this year
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