RE:RE:RE:Is OVV a better place to be....TD12 - the TERM "Hedging losses" is a risk, and how they are perceived. Hedging losses are the new 'flaw' with O and Gs according to the bears and shorts - these are not real 'losses' - I personally don't see them that way - they are only called losses because commodity prices are trading higher then when they were sold. When I sell a stock for a 20% profit, but the stock rises another 25%, I don't call it a loss - missed opportunity, sure, but not a real loss. Shorts and bears are really highlighting the word 'losses' with otherwise excellent Q2 results everywhere -even with companies pulling in very nice profits. Future hedges will now start to 'guarantee' future profit levels. Yes, we will have future hedging losses, but worth it to have a floor to stand on - guarantees are helpful. A bit of a double edged sword, hedges, but for minimizing future risk they make sense.
H2 starting with Q3 is the real breakout timeline analysts and economists have been predicting - and we are just entering H2 - I think we are at a new bottom and things are set to advance again.
Covid variants and perceptions around them are another risk, but I feel delta is already priced in, and strong Natural Gas prices and winter demand will be there no matter what happens.
IMO and GLTA