RE:RE:RE:RE:RE:RE:RE:One or Two Years Setback?The hedging strategy is dumb, and Management had defended it which is even more stupid.
The will have twice the hedging losses of any company, so they are not even in the ball park of being aligned. What makes you think they will do any better in the future, it is robotic, and who would hedge out 3 years with 40 dollars hedges, only someone that has no clue regarding what they are doing.
It will take years to unwind those hedges, and 740 million loss is more than they spent on Kakwa the entire year. The bigger risk regarding the hedges is management putting more on, they are incompetant.
Why hang 3 years and see if they do the same mess ups all over again.
Pathetic Management.
IMHO