RE: Good time to top up imo25 Sep 2022 15:29
I am on the same thinking as shouston.
Once the lender is paid off then all contracts are finished.
For me in the way I am thinking is you pay your mortgage off and they say thank you but you still owe us the interest per month on the original loan.
I would assume then there will be no hedge to pay to the previous lender as they have no stake or legal obligation over us?
For me a hedge is good as long as its higher than what it costs to get it out of the ground and the pandemic is a good example when oil prices plummeted but could still sell it higher than market value
I could be way off the mark here and I don't think anyone knows the answer apart from art.
Anyhow August production figures should hit at some point this week which will hopefully start the sp re rate as the figures from the fixes done to the Wells will be there for all to see and a continued climb of the bopd.