RE:RE:"trucks and SUV's are consistently breaking records."oceaneleven wrote: come 2017 Baytex production is not so much hedged and will have hard time surviving with oil under 50 bucks........and I wonder why they flipped the switch to turn on the idled wells....sign of desperation or do they truly believe oil pricing will remain over 45 bucks.....problem with this is if all thought this way, oil price rally will be truly short lived..........maybe oil in the 30 buck range.....
It will probably be revelaed in the next quarter that they have put in place additional hedges higher than the current ones going out into 2017.