3 Strong Oil And Gas Stocks For The Summer
Luckily, shale driller Apache Corp. (NYSE:APA) is one of the few companies that have been reaping the rewards of a smart hedging strategy. During its Q1 2021 earnings transcript, Apache revealed that prescient changes to its natural gas hedging strategy right before the February freeze hit Texas brought the company an unexpected windfall in the form of a first-quarter realized gain of $147 million. Apache said that its marketing team " generally seeks to maintain a balance between 'first of month' and 'gas daily pricing' for its U.S. natural gas portfolio using a combination of physical and ...
Source: oilprice.com