PPR hedges causing poor performanceNo wonder why PPR cant make any progress even at $60WTI. The person in charge of risk management should be fired. The poor hedging has limited most of the upside on oil for shareholders thru 2022.
And what kind of deal is this to start 2023?
Subsequent to March 31, 2021, the Company entered into the following commodity derivative contracts:
Crude Oil Collars January 1, 2023 - March 31, 2023 US$ WTI 1,100 $35.00 / $40.00/ $50.00