California Resources: Crude Oil Hedge Analysis For 2020 And Beyond
CRC published its hedge positions for 2020. It primarily uses long and short puts to hedge a range of prices. Hedge percentages are low for 2020 and non-existent beyond 2020. As a result, the company has a relatively high risk exposure to oil prices. Given the company’s debt level and vulnerability as reflected by its share price, it remains at …
News story posted on 2020-02-28T01:57:00.0000000Z
