RE:RE:Hedging losses Some companies hedge some don't. Hedges lock-in the price which some oil will be sold for removing some of the variance from the revenue stream. This creates stability for financial planning, you get to plan your costs around a more stable income. Yes, depending on the hedges you can have hedging losses and gains. Hedges are hurting now, but when oil went negative it was hedges which kept some companies from going broke.
BTE said they were going to hedge, then they hedged. If you disagree with the hedges why buy shares in the company? Some companies I own are unhedged, some hedged, and one is hedged a lot. End of the day looking at the hedges is part of my due diligence.