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United Airlines dumps losing hedges, mulls new ones for long term
2015-01-10 02:13:36| Airlines - Topix.net
The Chicago-based carrier reported Friday that it has shrunk its hedge position to cover 22 percent of the fuel it consumes in 2015, down from the 24 percent it had anticipated when oil prices were higher. The airline said it did so at a cost, raising its average fuel expenses last quarter to $2.83 per gallon from up to $2.76 per gallon, the price it had estimated on Dec. 8. This move represents just one step of a broader effort parent company United Continental Holdings Inc has taken to evaluate its fuel hedges, a United spokesman told Reuters.
Revamped U.S. oil hedges may test OPEC's patience
2015-01-05 11:09:51| Energy - Topix.net
As a war of nerves between U.S. shale producers and Gulf powerhouses intensifies, OPEC's biggest members are counting down the months until their upstart rivals lose the one thing shielding them from crashing oil prices - hedges. They may need much more patience than they reckon, however, because those hedges are a moving target.
Tags: test
oil
patience
hedges
Revamped U.S. oil hedges may test OPEC's patience
2015-01-05 08:26:25| Oil & Gas - Topix.net
As a war of nerves between U.S. shale producers and Gulf powerhouses intensifies, OPEC's biggest members are counting down the months until their upstart rivals lose the one thing shielding them from crashing oil prices - hedges. They may need much more patience than they reckon, however, because those hedges are a moving target.
Tags: test
oil
patience
hedges
Continental Cashed In Its Hedges. Now What?
2014-12-23 16:37:17| Electronics - Topix.net
Last quarter Continental Resources made a big move by monetizing its hedge book for some $433 million. Continental's hedging contracts, in which counterparties agreed to pay over $90 per barrel no matter the going price, have become more and more valuable as the price of oil has dropped and dropped.
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now
continental
hedges
Exclusive - U.S. airlines confront cheap oil's flip side: costly hedges
2014-12-23 08:33:34| Airlines - Topix.net
Some major U.S. airlines including Delta and Southwest are rushing to finance losing bets on oil and revamp fuel hedges as tumbling crude prices leave them with billions of dollars in losses, according to people familiar with the hedging schemes. In theory, airlines are among the top beneficiaries of a six-month slump that halved crude prices to five-year lows.
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