Well they are hedged from an fx exposure of debt vs revenue as it will mostly be in USD.
However the debt is larger than their revenue & they report in AUD, so the fx effect means the debt increases more in Aussie terms than the revenue.
So a lower Aussie actually currently hurts them.
As they will be currently making a loss it exacerbates the problem further.
Another big drop in oil giving back most of the recent gains.
Shares indices down sharply as well.
Ain't going to be pretty Monday.
I covered my short too early! Doh
Well they are hedged from an fx exposure of debt vs revenue as...
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