Which of these two companies would have a need to take a long position in crude oil
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Question:
- Which of these two companies would have a need to take a long position in crude oil futures to hedge its oil price risk:
- a) Tullow Ghana
- b) Tema Oil Refinery Please provide appropriate justification for your choice.
Related Book For
Intermediate Accounting
ISBN: 978-0324312140
16th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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