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Oil Driller hedge 3 ways

(Last Updated On: February 9, 2016)

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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