The Ferret is Right......The GEKKO is no expert on the ins and outs of Hedging Oil production that does not exist at this time. NEVER claimed I was, never would. I'm the first to admit that I'll do more DUE on the subject, unlike most who hope others do DD for them. Or just BUY and SELL for a few cents up and down and pull a MULA ( like a hangstring, but more painful!)
Heck, on the LSE Board, several people still ask how long the Tow to Stella is . . Just STUDY, research , read and find out. That's what I'm doing for more Hedging experience. That said, I don't really give a RAT as to the Tech. of it. Just being sharp enough to DO IT when IAE did says a lot. That's why Delek is gonna yang ENQ on the low. No hedges employed. Tons of debt. Yadda Yadda.
Let's see... Delek Chief on our Board, Delek want chunk of ENQ, Delek HAVE chunk of IAE, ENQ and IAE already buddies on several plays in the NS... BIG FISH in hte making!!!
That said, this new FPF1 is so big and SHINY, there may be a few more FISH in the waters...
The GEKKO Mantra...
1) BOAT floats.
2) BOAT drags to NS SAFELY.
3) BOAT is secured in place.
4) HOOKUP starts in earnest with NO Petrofac to contend with.
5) OFFER for IAE comes in. Many SELL that day.
6) Read the FINE PRINT on the NR (when it occurs) before pulling trigger.
The BREAK FEE is KEY!
7) Make all Thread Tools EAT CROW. ( with apologies to Crow! Waaa!)
All in my H.O. !!
Best GG . . No Hype. No Threats . . . Just Common Gekko sense dealing with SHINERS!