One of the " problems" we have is the fact that they have hedged 50% of their production as required by their funding facility at what were good prices 2 months ago, but now CE1 are facing significant losses being a material detraction for the company bottom line going forward.
They will be regretting those " necessary" hedges now. Interesting though, because Glen has been predicting US$100 oil for a while now, even excluding the " war" effect.
One of the " problems" we have is the fact that they have hedged...
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