RE: Hedging issue4 Mar 2022 19:39
Strange that TlW holders discussing ENQ and not TLW hedging as the reason for low oil price.
Why isn't RAUL buying any shares on the market?
"Hedging is mandated on a certain percentage of scheduled production forecasts" not 75% of 2022 - 2023 production....That's a very high level of hedging which tells me TLW was at the mercy of the bondholders....
Even with Brent at $200 TLW will be paid max $76 for 75% of all of its production for 2022-2023 & 50% of 2023-2024....
Ouch