RE:Pretty decent quarterbumblebee99 wrote:
What I don’t understand is why they see the need to hedge so much. If they were severely indebted, I understand their banks would want them to hedge aggressively, Why be so conservative?
While we all expect oil prices to remain strong, we also have to be aware of the unpredictability of the psychopath leading our neighbour to the south. He is in the back pocket of big business, which includes Middle East money. We really have no idea what is going on behind the scenes, so it probably isn't a terrible idea to hope for the best, but plan for the worst. Survival is job 1.