re: emperors hedging ... for irj Hello again Ir,
Just to clarify one point. You say "...Now of course it seems SBM hedged horrifically say compared with AOR ....
SBM had bought out all of it's hedging by Last September/October, and was then completely hedge free.
It since has had to hedge a very small part of it's current production, but I understand that it is less than 2 %.
And that's one of the reasons why I'm quite happy to wait.
... and now I think I've posted quite enough on hedging.-(:-D)
bye.dub
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