Calima Energy Limited And Chairman Mr Glenn Whiddon Announced The Hedging Update – The Rising Oil Prices
Calima Energy Limited (ASX: CE1 / OTCQB: CLMEF) (“Calima” or the “Company”) is ready to take advantage of growing energy prices along with securing any downside volatility from buying the PUT option under the corporate risk management strategy. Figure 1: WTI USD & CAD vs. USD/CAD Exchange Rate The price the Company earns for selling …