A $6 Billion Windfall: Mexico's Massive Oil Hedge Is Paying Off

N

Nighthawk

(Bloomberg) -- Mexico is on track to cash in on a $6 billion windfall once its massive insurance program against low oil prices kicks in following a dramatic plunge in prices, President Andres Manuel Lopez Obrador said on Wednesday.

https://finance.yahoo.com/news/6-billion-windfall-mexicos-massive-152046331.html

Kudos to the world´s largest "REAL" hedge fund! Paying each year almost $1 Billion for their hedges finally paid off! ;););)
 
I've read past articles where their hedges paid off in the hundreds of millions to billions. They are by far the best oil hedgers/traders in the industry.
 
trader99 said:
I've read past articles where their hedges paid off in the hundreds of millions to billions. They are by far the best oil hedgers/traders in the industry.
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but they paid 1 billion/yr for 20 yrs though?
 
Here4money said:
but they paid 1 billion/yr for 20 yrs though?
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Not really. You should read other articles. Their hedges have PAID OFF hundreds of millions or billions almost every year. Of course, some year the hedges don't work out. But they are a producer so it's probably net net fine.
 
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