SXY 0.00% $4.60 senex energy limited

Ok, for example - Brent averages US$78/bbl between July &...

  1. 348 Posts.
    Ok, for example - Brent averages US$78/bbl between July & December 2015.

    So, if the hedge is for 400,000 bbls for that period with a ceiling of US$68/bbl, does this mean SXY could miss out on potential US$10/bbl on 400,000 bbls = US$4m??

    If it's that simple, not good situation IMO.

    I could be missing something here in the T&C's of their Hedge.....

    Still, as I have said before, I'm holding as the company is very good. Could just be a rushed decision which may not turn out favourable in the short term
 
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