I think you'll find that only the production from the Delhi assets is hedged. I believe all other production is unhedged, which has been a deliberate company strategy so they can take advantage of the oil price upside.
The sp has been clobbered due to their exposure to the falling oil price, reduced margins etc etc. Now is a good opportunity to top up.
what , page-8
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Last
$1.43 |
Change
-0.030(2.05%) |
Mkt cap ! $3.262B | |||
| Open | High | Low | Value | Volume |
| $1.45 | $1.48 | $1.43 | $10.32M | 7.155M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 189870 | $1.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.44 | 23147 | 2 |
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| BPT (ASX) Chart |