Missed opportunity: hedges to crimp U.S. shale oil producers’ first quarter profit

Summary: Quote in this article,  “Hedging made sense given the uncertain market last year, said Trisha Curtis, chief executive of PetroNerds, an oil and gas consulting firm that tracks hedging and derivatives. Hedging in the $40s per barrel range probably felt necessary, while hedging in the $50s made sense, said Curtis with the Organization of the Petroleum Exporting Countries (OPEC) last year signaling it may relax production curbs that have boosted prices, she said.”

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