WSJ: Oil Companies Reap Large Gains After Cashing In Hedging Bets
By NICOLE FRIEDMAN And ERIN AILWORTH
Some oil companies are beginning to reap gains by closing out their hedges early at the behest of their lenders. The one-time cash windfall should help them stay afloat for the time being, but could be detrimental if oil prices remain in this slump for a prolonged period.
