E&P firms restructure hedges amid oil price plunge
Upstream companies look to cash in on in-the-money positions
North American exploration and production (E&P) companies are increasingly approaching dealers to restructure hedge portfolios and cash in on in-the-money positions in the wake of plunging oil prices, say dealers.
“A lot of these companies are looking at restructuring their trades,” says Craig Breslau, head of the energy derivatives marketing desk in Houston at Societe Generale Corporate & Investment Banking (SG CIB). “The most popular view at the moment is that we are close to a low and the
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