GREY:ROAOF - Post by User
Comment by
redphoenixon May 21, 2008 1:38am
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Post# 15092425
RE: Current value
RE: Current valueHere's some info on OIL's hedging. I gathered this from the AGM dated March 30 2007. I Quote "On January 25 2006, the corporation entered into a costless collar agreement with RBS in order to secure it's future cash flows and enhance the repayment of the Project Facility by limiting it's exposure to downward fluctuations in the price of petroleum. The collar is comprised of the following: 7.1 million barrels over 2007-2010 with a floor price of $40 and a cap price of $88 per barrel."
Hope this helps.