Anyone here a Beach holder? Hoping you can answer a question.
Do they have hedging in place? It seems they have none in place from what I can find in a Qrtly from last year.... ouch : (
I am assuming SXY went the hedging path as they are in the development stage and needed assured cash flow.
This article is brutal...
https://www.bloomberg.com/news/articles/2020-03-07/saudis-plan-big-oil-output-hike-beginning-all-out-price-war?sref=5F8Ao01j
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SXY chart, page-99
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