RE:Goldman: Raises Oil Target to $140 from $125This is an example of how important it is not to have 1 year hedges - or any hedges for that matter
OBE is doing a good job with only hedging 1 month out - but even that is likely to be adding unnecessary costs that they hopefully will remove
FYI. Every US$10 increase in WTI means about Cad$1/share increase in FFO (before one time expenses)
Goldmans forecast for $10 more for WTI over the year suggests an additional cad$1 per share FFO to OBE
One more indication OBE has the ability to pay a sizeable dividend starting soon