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-0.0023400936037441 -0.00312012480499213 0 0.00117004680187212 -0.00175507020280804 0.0105304212168487 0.0138455538221529 0.0124804992199688
Stock impact report

Shale Drillers Leave $12 Billion on Table With Bad Bets on Oil [Financial Post (Toronto, Ontario, Canada)]

Devon Energy Corporation (DVN) 
Last devon energy corporation earnings: 2/18 04:05 pm Check Earnings Report
Company Research Source: Financial Post
Of the 50 U.S. drillers surveyed by BNEF, Devon Energy Corp., Pioneer Natural Resources Co. and Diamondback Energy Inc. are on track to rack up the steepest losses, with more than $1 billion in underwater hedges apiece. The sector as a whole hedged almost one-third of estimated 2021 output and the practical impact is that they are locked in to reap about $5 less than the American benchmark crude, West Texas Intermediate. 18 best online deals in the Canadian retail space right now Advertisement Advertisement Article content “One of the negatives of this quarter has been some horrible hedging; guys locked in at $42 a barrel,” Paul Sankey, the veteran oil-industry analyst and founder of Sankey Research LLC, said during an interview on Bloomberg TV. Hedging helps producers of raw materials mitigate the risk of major price fluctuations and lock in relatively stable cash flows. But the practice carries the risk of leaving money on the table during bull markets. The losses hav Show less Read more
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