re: asx 200 worst performer today i think HDR is hedged. they are selling oil at $45 a barrel for the first year or so. So if they produce less, they make less.
Not sure where you got your numbers from, but hedge is an options collar between US42 and US76... so anything in between effectively means the hedge is neutral. POO over US76 is earnings negative, and POO under US42 is earnings positive. And that hedge is only for about 3.5bopd.
Do you work for AFR by any chance? ;-)
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HDR
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