Also a good chance that the company has by now hedged further out, probably much of the entire 2015 production. The new hedging would have been expensive, if the company secured hedging before the latest slump to below $50 barrel they would have paid about $9 a barrel to hedge at $70 a barrel but that is still profitable for the company. We will find out in the first quarterly report.
HZN Price at posting:
15.5¢ Sentiment: Hold Disclosure: Held
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