Sigh. Just effin’ Google it. Eni’s proposal had three eff-ups, namely a high minimum quantity, a long time frame and expensive rates. Would you accept a ‘free car’ if you were obliged to double your weekly mileage and furthermore pay more for fuel, and for no less than twenty-five years?

As regards to hedging, it’s a question of timing. This is always the case with finance. The longer the commitment, the higher the risk. If Konrad Mizzi thinks he’s an energy trading wizard then he’s welcome to try his luck in the finance world – but I, for one, do not appreciate seeing my tax money being speculated with.

I’m not happy seeing the Nationalists subsidizing consumption either – as I’m disgusted by the general lack of awareness in this country (where double-glazing is uncommon, most houses and cars are too big, few buy efficient domestic appliances, etc). Unfortunately the Labour Party, as is too often the case, is even worse on this matter.

You Labourites are good at telling people to shut up.

This is not the 80s anymore, dear silvio, thank God, and NO, we will not shut up.

So take your suggestion and shove it where the sun don’t shine.

– Apologies to other readers for the rant, but these types of people make me sick.

Exactly why you should Shut up. because it is evident that you don’t have an inkling on how hedging and forward buyings works.
If you think that it’s just the price ,than I suggest you try and go over the twenty or so other pages explaining some of the conditions,obligations and rights,that similar hedging contract endorse.
So as I said before Shutup, and do your homework.

Then why did Austin Gatt turn down Eni’s proposal?

Re: hedging, it’s good enough to procure our oil at present.

SPiru Attard

Today, 10:20

jM more edible… But we knew that already

And he comments evaluates energy proposals.

SPiru Attard

Today, 10:20

jM more edible… But we knew that already.

<>

You have not understood anything of what you read.

If the price, as reported would go down and a 10-year agreement is signed to buy gas at today’s prices, then we stand to lose as we shall be bound with a contract to continue buying at today’s prices.

Why? Because an expert says that the price may go down and we will be tied down with a long-term contract and therefore buying at a higher price?

I suggest you read to-days Sunday Times front page. and then all you have to do is Shut Up.