RE:RE:Hedges.And there it is the unsolicited cross board pump of another stock. Drops in with a pseudo question intended to appear as a genuine query and earnest interest in PIPE.
Bit of apples to oranges comparison seeing as OBE is of an intermediate production volume and PIPE is still junior. I haven't done any due diligence on OBE so I don't know much about it other than it's classed as an intermediate. PIPE has a hedging program to provide stability to help them achieve their goals. So while they have a portion of production getting taken for less than market value. They are still selling it to generate funds to get to where they have stated they are going.
Good luck with OBE. It looks like it doesn't need your extra marketing skills to increase share price.
cheers,
hawkowl1 wrote: Short posiion is negligible but as of end of 1st quarter they still have signicant hedge losses on books. And with higher oil and gas prices.. losses are even worse.
I will pass .
BUY OBE....