• Top US shale producer is so confident oil prices will keep rising that it just ditched nearly all hedges

    16 days ago - By Business Insider

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    Pioneer Natural Resources is betting crude oil prices will keep rising, Bloomberg reported.
    As a result, the top shale producer in the US ditched nearly all of its hedges for the year.
    The firm also disclosed buying back $250 million of its own shares in the last quarter of 2021.
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    The top shale producer in the US is betting crude oil prices will keep rising and ditched nearly all of its remaining hedges for 2022. Pioneer Natural Resources said the move will cost $328 million, which will be spread out over...
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