RE: Hedging5 Mar 2021 23:36
It's really interesting these one post wonders. Really interesting. I mean they go to all this trouble to write something to make you worry in vaguely nice positive language. So far so clever. But then they throw it all away with that first post count of one. It's, I dunno, like Odey got back from a tough day at court, had a glass of claret maybe two, and thought he had a good idea...
But let address the point. Oil companies hedge, tullow does it better than most, as evidenced by their average price in 2020 versus spot at most given points. the point is then the current price will govern future decisions and play out positively for tullow too.