SXY 0.00% $4.60 senex energy limited

As Antman4 has said - yes they could miss out on a higher price....

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    As Antman4 has said - yes they could miss out on a higher price. All the quantities, limits and dates are in the announcement
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    0 13 Mar 2015 09:44 ! FY16 oil price hedging program
    (the content doesn't copy in here for some reason).

    I don't think it was a rushed decision. I think it was to give the company some certainty. The aim is much more to prevent a loss than to try to make a spec profit, so being out of the money isn't a bad thing at all, in fact it's what they hope for. The best outcome is when POO is exactly at ceiling price on end date.
 
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