Re: BP, Shell profits soar on sky-high oil prices
posted on
Apr 29, 2008 07:51AM
basically i believe IVAN took out loans, and hedged their bet if you would that oil prices would not be as high as they are as quick as they are.so they are not getting the full value of each barrel of oil they sell? im not totally clear on it but its something close to that i believe..one thing and one thing only moves this stock and that is a C-O-N-T-R-A-C-T for htl. again jmho