RE:RE:RE:RE:Matt ShybaMight be because they are cushioned on the downside by their current oil and gas hedges.
Lets see if Matt or Tony step up on their stock purchases. That will tell a story.
In the meantime, on their oil hedges going forward, I am seeing put spreads being used instad of collars as in the past.
The spreads are at levels well below the current WTI price. If WTI remains at levels above the put spreads, how does that effect their hedging gains/losses?
SilverSam wrote: Actually, if you look at the PPR chart, the stock price has held up quite well when compared to the $30.00 drop in the price of oil in the last 3 months. In fact, I would suggest that the stock has outperformed a number of its peers. Treading water in a down market is a sign of resilience.