I think Oilman knows more than that. The hedging is derivative trading and is used as insurance under stressed conditions, specifically for GLNG. STO's sale volume is 80mboe, the hedging volume for 2018 was 12.5mb 9 October 2017 (Q3 report). STO may hedge a third of its production, and the rest are sold by contract price which is confidential. The realised oil prices for the past three Qs were close to the average POO in the corresponding quarters. I would expect realised price for Q4 be around 60
STO should stop hedging and focus on the business.
STO Dividend, page-35
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Last
$7.02 |
Change
-0.005(0.07%) |
Mkt cap ! $23.02B | |||
| Open | High | Low | Value | Volume |
| $7.00 | $7.08 | $6.98 | $19.96M | 2.840M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 27338 | $7.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.02 | 49035 | 26 |
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| Last trade - 12.00pm 01/10/2024 (20 minute delay) ? |
| STO (ASX) Chart |