Hmm.. Probably should have clarified that they would only need...

Hmm.. Probably should have clarified that they would only need USD 45-50 million to close out their entire Convertible notes (approx US $125 million). I wonder if DLS should hedge a little more at say, USD $55 or so (assuming the price of Brent gets back that far), with a collar at say US $85. Like many I view the current price as not being indicative of next couple of years, but never hurts to be a little conservative these days.

I can buy no more sadly. Take a look at AWE to see how an oiler can really move (with no news).