"(They have hedging of 750 thousand barrels@ a US$80 floor and 630 thousand Barrels @ US$60 floor. This is practically nothing and is to an advantage of BPT as they won't sell Oil for anything under that. )"
Champ,
Are you telling us that we haven't sold any oil when it was below the $60US mark?
So, when the price of crude was $30, 40, or 50 dollars per barrel, we haven't sold any oil, beside the one that was hedged of course??
It would mean that we would have sold only the first 750k barrels of oil then.
Buddy
simple maths, page-29
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