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Fooled by false bottom, most US shale firms skip hedging in Q4

For cash-strapped drillers, hedging may have become too expensive, say analysts

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Last October, as US oil prices seemed to be stabilising around US$45 a barrel, some bullish traders chuckled at the notion of US shale firms racing to hedge production at what they thought was the bottom of a 19-month rout.

New York

Last October, as US oil prices seemed to be stabilising around US$45 a barrel, some bullish traders chuckled at the notion of US shale firms racing to hedge production at what they thought was the bottom of a 19-month rout.

Now, a handful of producers, such as Anadarko

sentifi.com

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