OTCPK:AETLF - Post by User
Post by
ufoolmeon Jan 12, 2015 9:57am
96 Views
Post# 23308836
Oil Price recovery
Oil Price recoveryWith oil right at $50, numbers appear to show that Arsenal's break even point on their hedge sale is about April 15. For every dollar below $50 that oil falls, add another $2000 per day until March 31, then $1500 per day after that. So for today, for example, with oil below $47, they are losing at least $6000 more per day, or half a million a month. A pretty risky bet on the price of oil they made. You know the old story about not betting your house on the game. Well it appears they just bet the house.