PPRuNe Forums - View Single Post - Hedging fuel prices - major Oil Hedge company goes bankrupt

23rd Jul 2008, 11:18

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angels

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Join Date: Feb 2001

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No.

The company was shorting oil on NYMEX as it rose. Finally the margin calls became too much for it and it filed for Chapter 11.

Anyone that traded with it via NYMEX will have the position taken up by the exchange.

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