RE:RE:RE:Shame the company hedged at the bottom of the market.Not sure why people are up in arms about the H1 hedging.
PMT is a smaller company and needs stable cash flows to execute their 2014 plan.
Like mentioned their hedging is above budget plus the open production is getting the higher mkt price too.
Id rather the company execute a smart business plan then try to plan a short term commodities game.