GREY:TBTEF - Post by User
Post by
OOU812on Aug 28, 2016 10:58am
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Post# 25184516
Hedges? We don't need no stinking hedges
Hedges? We don't need no stinking hedges Do all oil companies need to hedge? No.
A company with most of the following attributes
does not need to hedge.
-little or no debt
-low decline rates
-low finding costs
-low production costs
-low royalties
-low G&A
-good quality oil
-never pays a div
How many of these apply to Twin?
Twin was about the last company who could afford not to hedge.