INSIGHT-The real price of Occidental’s ‘costless’ oil hedge
In just 12 days, Occidental Petroleum
Corp pulled off one of the biggest hedges against
falling oil prices ever placed by a U.S. energy company. It
characterised the transaction as “costless” but a Reuters review
of regulatory filings, market data and interviews shows that’s
not the whole story.
Corp pulled off one of the biggest hedges against
falling oil prices ever placed by a U.S. energy company. It
characterised the transaction as “costless” but a Reuters review
of regulatory filings, market data and interviews shows that’s
not the whole story.
Posted by Reuters
