Post by
Snowballer on Nov 03, 2021 12:17pm
So how will the market take BTE's forward hedging book?
I'm fine with the incremental hedges over time as the oil price rises as BTE is coming out of a debt cycle. only makes sense.
But market might be annoyed lol
Comment by
Snowballer on Nov 03, 2021 12:28pm
Mexico locking in its oil revenue for next year through its usual famous hedge book. Also Biden pretty much threatened OPEC+ last night
Comment by
DaveInvestor59 on Nov 03, 2021 12:37pm
Biden should stop trying to manipulate the market. Energy investors don't appreciate his meddling. OPEC+ knows what it's doing, and hopefully sticks to the plan.
Comment by
Re1ndeer2 on Nov 03, 2021 12:43pm
Biden(Democrats in General) is all for stopping Pipelines but keep the ports open to all Tankers...Hypocrisy at its best.
Comment by
BayStreetWolfTO on Nov 03, 2021 12:37pm
Yes market assuming OPEC may increase....BUT I don't feel OPEC should budge Biden created the issue Pipelines, Drilling on fed land ESG and Eco woke support and COPOUT26 OPEC+ in full control...PLUS EIA AND API helped us by showing a build (although most people don't get that we should be building LOL)