Livin' on the Hedge...During Q2-2016 approximately 11,000 boepd (52% oil) of commodity hedges were realised. Approximately 9,400 boepd (48% oil) is hedged in the remaining six months of 2016 at an average price of $58/boe. In the first half of 2017 approximately 7,000 boepd (50% oil) is hedged at an average price of $60/boe.
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GG - Just for clarity, I don't think you can hedge any Stella oil that currently does not exist. It's like saying the FPF-1 is ON SITE in the NS when it is floating off the Gdansk coast.
BTW - BOEPD means Barrel of Oil EQUIVALENT per day.
The GEKKO has no problem selling to Delek @ $3+ into the Fall! ( IMHO )
Best GG . . Slayer of WACK JOBS!!!!