RE:RE:RE:RE:RE:Red, JD revised Q1 estimatesYou need something else to fixate on other than hedges. They don't matter. The beautiful life saving hedges did not save bte from going to 29 cents. It has not held back the 20 fold increase in the stock price since. It will not hold it back from hitting 7,8,9 etc. as long as they have debt, they will have hedges. Just like EVERY producer with debt does. Oh to be debt free and tell the bank GFY. I am, it's worth it. I could own a Tesla dealer if I levered up like mr Manitoba, but I like driving by my banks and chortling at them in derision. focus instead on the buybacks because your basic mathematical assumption is incorrect. The 25% allocation to buybacks is NOT backdated to cover all of calendar 2022. They will, as stated by them,not me, start buying back shares sometime in Q2. Don't now go nuts screaming April 1 about the buyback. It may not happen until June 29th. I predict there will be clarification and announcements of the buyback starting when they issue Q1 results. Last year it was April 29 after the close, with a call the next morning. Results will be SPECTACULAR compared to year ago so maybe they rush it out the door a bit earlier.
jdmecomber wrote: Agree , but there might be correlation of slightly better hedges in Q1 2022 VS Q42021
I assumed it was a substantial amount.