DJ These are the hedge contracts for LNC oil in the USA for the 3 years from this year taken from page 96 of the latest Annual Report. Note that the number of barrels declines substantially from year to year.
Oil (NYMEX WTI)
Commodity swaps Barrels Weighted
Average
Hedged
price per
barrel (USD)
Financial year 2015 436,464 $89.19
Financial year 2016 253,612 $87.10
Financial year 2017 110,400 $87.50
LNC Price at posting:
99.5¢ Sentiment: Hold Disclosure: Held
