RE:What I find funny HighOctane89,
True, in terms of reporting it's five weeks until the first Q 2023. In term of oil barrels sold, the hedges based on WTI Crude came off last Sunday, and any brent based hedges that may remain are done this Sunday. The front month is already Jan 2023 beginning 11/21/22.
18 % of our BOE for 2023 is done at much higher prices than last year.
Details: Page 13 here
https://www.baytexenergy.com/files/pdf/corporate-handouts/2022/2022-11-17%20November%20Presentation.pdf
9500 Barrels/Day using 3WAY
Average Sold Put / Bought Put / Sold Call (US$/bbl) $62/$78/$96
2000 Barrels/Day
WCS Price Relative to WTI (US$/bbl) ($19.25)
Baystreet Wolf has covered this all year.
https://stockhouse.com/companies/bullboard/t.bte/baytex-energy-corp?postid=35116881
Enjoy the holiday,
RS
HighOctane89