Post by
Bluejaysoilcomp on Jul 29, 2020 2:53pm
How do we lose for hedging?
one line it says there are hedge gains of $365M but the other line, it says there are hedge losses of $679M.. How is it possibly we lose money from our hedging..
Comment by
ariesleaf on Jul 30, 2020 11:52am
BUY OR BE BOUGHT MERGE OR GO PRIVATE............./?
Comment by
cashtango00 on Jul 30, 2020 12:01pm
Ovv can’t buy anything now. They always buy at the top of the market. They have too much debt already and their equity valuation is too low. Bad management.
Comment by
BarbarousRelic on Jul 30, 2020 2:04pm
You can say that again. Suttles said in 2018 that the corporate priority was strengthening the balance sheet. Then came out of left field to acquire Newfield at what was, once again, a market top. Another example of managements lack of credibility poor judgement, and why this name is so heavily punished by the street.