Oil Man Jim Company Oil & Gas Podcast & Blog, 29th April 2020
April 29, 2020
Regardless of any lockdown, the AIM small cap industry is operating in full swing, with the usual full torrent of news each day.
I'll focus on the more meaningful ones, since the Coronavirus 20% salary deferral by directors announcements are starting to get a little boring.
One interesting point though is the number of companies referring to being protected by hedges covering future production. But think about who is ultimately on the other side of these. One example is airlines who buy fuel forwards.
They’re looking at paying out hundreds of millions now on these hedges, which is going to add even further to their current troubles.