RE:RE:Vermillion saysTommy123 wrote
But the prices will normalized again before the hedges come off.
shenty46 wrote: Vermillion says that $1 price increase in Europe ng price results in increase in around 30 million dollars fcf, just imagine when these hedges goes off, how much fcf vermillion could generate at 22 $ Europe gas prices and even next year strip is above 13 dollars, and winters are not yet in in Europe, very very undervalued, must trade in 25-30 dollars price range
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It does not matter if European gas prices normalize before hedges come off as they can hedge future production right now at these very high prices.