GREY:WFREF - Post by User
Comment by
JohnJBondon Mar 15, 2015 4:51pm
139 Views
Post# 23523346
RE:RE:RE:"How about the real guff on storage"
RE:RE:RE:"How about the real guff on storage"Agreed.
I find it interesting to see that LRE has hedged about 90% of their Q2 oil at about US$75ish.
This may have been a very wise move - ie if oil is to dip during the Spring Shoulder season prior to the return to higher prices at the end of the year - then LRE's management team has acted prudently to lock out such an effect from their Q2 cash flow, by essentially forward selling all their Q2 Oil production.
This is the sign of a very good management team, and I'm impressed to see them making those kinds of moves. They seem to be ahead of their comparables when it comes to these kinds of moves.