Roc-ing and Rolling
Roc-ing and Rolling Roc Oil [ASX:ROC] released its half yearly results this morning, and do you bet that they hadn’t bothered hedging the oil price. According to the report, Roc has locked in “an average price of USD$70.10/BBL for the period to December 2011.” Obviously we don’t know the full details of each individual contract that they have used, so it could be that if the oil price falls further then Roc will be sitting pretty if they have hedged oil prices north of USD$120. The important
Original post by delta100.com