Post Tagged with: "Hedge"

TransGlobe Energy Corporation announces an update to its oil hedge position for 2020

TransGlobe Energy Corporation announces an update to its oil hedge position for 2020

TransGlobe Energy Corporation (AIM & TSX: “TGL” & NASDAQ: “TGA”) (“TransGlobe” or the “Company”) announces an update to its oil hedge position for 2020. All dollar values are expressed in US dollars unless otherwise stated.

April 9, 2020 - 2:00 am Finance, Press Releases
Source: CatholicVoices.org

Mexico Confirms It Completed 2019 Oil Hedge at $55 a Barrel

From Bloomberg

Mexico’s Finance Ministry confirmed that it spent about $1.23 billion to protect 2019 revenues against falling crude prices in the world’s largest annual oil deal.

The oil producer locked in hedges at $55 a barrel, equivalent to the …

January 11, 2019 - 12:20 pm Closing Bell Story‎, Crude Oil News, Energy News, Mexico
Oil Hedges: Brazil and Mexico

Oil Hedges: Brazil and Mexico

Brazil’s state-controlled oil company, Petrobras, has hedged a portion of its 2018 oil production. The move should protect cash flow against downturns in the marketplace. Bloomberg reported that the company hedged 128 MMBbls, or 350,685 BOPD at an average Brent …