Economy 52,844 Posted October 29, 2021 Share Posted October 29, 2021 https://www.google.ca/amp/s/oilprice.com/Energy/Energy-General/The-One-Thing-That-Could-Spoil-A-Blowout-Quarter-For-US-Shale.amp.html Despite high oil prices some US oil companies are still loosing money The reason, many hedged their production at the old price and now are still selling oil below $65 a barrel Hedging production is always a gamble (or not hedging is a gamble depending on your point of view) just like accepting a fixed mortgage rate which will benefit you if rates rise a lot but screw you over if rates fall and your stuck paying those higher rates Link to post Share on other sites More sharing options...
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