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I want to also mention how companies with money making BIlion usd revenue prefer to declare bankruptcy and f.. all shareholders in the same day create a new company and please old shareholders with a 3% conversion rate to new stock..., just check Whiting Petroleum Corporation that is exactly the story I was telling you.
this opec, russia , mexico , saudi arabia it is all smoke... to blame someone for the falling price of oil which is a representation of demand/ supply. if opec cut even by 15 mboed it doesnt matter they need to cut it by 35 mboed to have an impact on price and to reach soe stabilitily on supppy demand ratio. 10 or 15 mboed cut deal is still oversuppply of oil which means still falling prices of oil....
they can have it hedged at 100 usd even it doesnt matter, it is all hedged afgainst SOLD barrels of oil, they pay the diffference on the hedged price base on invoice. but when noone is buying the oil there is no hedging. hope you all understand this.
Why ? Like I dont get it? Can someone explain me this? What is gonna happen to this stock on Tuesday ? I just wanted to have a nice weekend, I was all supposed to be great, opec agreed to cuts, so please why ?
Tullow oil is positioned well / premier oil not so good.
60 % of Tullow daily production is hedged at 57,28 USD per barrel, they are positioned very well,
premier oil only 30% supply hedged at 62 usd per barrel, Not good. They are loosing cash fast.
Make your own mind based on facts and current oil prices.
60 % of Tullow daily production is hedged at 57,28 USD per barrel, they are positioned very well. Who is reaponsible for this decision? Wise man should get a bonus.
Also because of what I said dont be worried about low prices, other companies might collapse though premier oil only 30% supply hedged at 62 usd per barrel, Not good. They are loosing cash fast.
There will be no new movies in Cinemas and thats the name of the business,
All movie production is halted, even in 6 month when they open the cinema there will be a gap of new content. So why would anyone go there ?