Posted 1/12/2010 07:47 (#1018424 - in reply to #1015504) Subject: RE: How do you price/protect 'unknown' production?
One strategy I have used a few times is to sell 1/3 forward contract or HTA, 1/3 with a put/call fence or min/max contract, and leave 1/3 open or buy puts if you want more risk protection.