Hedging can only kill a company if it involves taking large...

Hedging can only kill a company if it involves taking large losses on your position that offset the co's profits (moreso a problem with hedging that uses derivatives).......that's assuming the company is profitable at today's prices. PSA have sold forward gas at prices that guarantee them a large profit on that gas...........and only during the traditional "off season" for gas. Any further upside in prices has plenty of room to increase profits and if the gas price falls over summer (US) as expected then we have some protection in place until next winter.

Smart work I reckon.

Cheers,

Ed.