dollars to doughnutsThe rich subscribe to Platts. They reported that OPEC+ increased prod by 170 thousand bbls/d in Sept. That's the highest prod since 2020. That in turn led the US e&ps to hedge prod on the price spike last week.
Sooo, I'm willing to bet dollars to doughnuts, that, although ARX management is what it is, they are the CA most prolific hedger and that leads one to the old addage about "a bird in the hand is worth 2 in the bush" ... Go ARX