Q: Despite warm winter and shutdown for 8 months of Freeport lng terminal ppl when announcing their year end results did not cut their 10% dividend or production.
Do they hedge any of their production?
Buy,sell or hold?
5i Research Answer:
PNE references hedges in its annual report and has various contracts in place to October 2023. It notes it is debt free and is protected fully to $2.30 gas prices. It is not risk free but we would consider it buyable for the sector for small cap investors.