"On the positive side, U.S. shale producers, for the first time in months, were placing new hedges to lock in 2017 prices at around $45 a barrel, prompting price recovery at the back end of the U.S. crude futures curve."
$45 is the price I was using for 2017. If the speculation of the Foreman-Butte project is correct (on the capital efficiency of converting those PDNP wells) then $45 is good enough to hedge at least 50-60% of SSN oil production. Did you place any swaps or sell puts at $45 TB?
SSN Price at posting:
0.5¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
