Jun. 6 at 10:41 PM
$BATL DD FACTS The 70% Ceiling: Their credit covenants require them to hedge a significant portion of their baseline production, but they are not 100% hedged... Can
$BATL cancel the hedge contract at will right now?
✅️✅️ NO. Absolutely NOT. In corporate energy finance, a company cannot simply tear up a hedge contract "at will" when the market price moves against them. Doing so is prevented by two structural realities: ----------------
$BATL's paper derivative liability was calculated at over
$46.9 million last quarter, canceling contracts would require writing an immediate multi-million-dollar cash check—which would instantly wipe out operational cash reserves. (())DD SEC 10Q Filing (()) FACTS_✅️✅️ _________
$BATL ✅️ cancel the hedges without lender permission, they would trigger an immediate Event of Default, allowing the banks to accelerate the debt, seize their Permian Basin assets, and force a corporate restructuring.✅️ FACTS 🔥 DD correct in accurate DD posts always. 🔥
$BATL is delivering oil production from the 30% NOT hedged oil to pay the
$46.9 million dollar loss. Therefore they do NOT have to pay in CASH until contract is over . TIA for DD details charles
