Oil Driller hedge 3 ways
As fully eplained in this Bloomberg article
Workers connect drill bits and drill collars, used to extract natural petroleum, on Endeavor Energy Resources LP’s Big Dog Drilling Rig 22 in the Permian basin outside of Midland, Texas, U.S., on Friday, Dec. 12, 2014.
Oil at $30 a barrel is blowing a hole in the insurance that U.S. shale drillers bought to protect themselves against a crash.
To read the entire article, go to http://bloom.bg/20kKsmP
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