OTCPK:VGIPF - Post by User
Comment by
hobbitnobbiton Apr 24, 2013 2:20pm
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Post# 21295900
RE: RE: Q1 price received higher than forecast
RE: RE: Q1 price received higher than forecast This is not completely true. RPL will capture the difference the hedged price and the market price of WTI on the day that they roll the hedges. If they did it last week at $88, there would be a benefit of $5 per barrel, for example. If they do it when the market price of WTI is 98 there will be $5 loss. We will not know how the hedging program works out till year end probably.