RE:RE:RE:why do you assume i 'm short cpg?It's probably not that far off but it will be less because the hedges decline every quarter. Q2 2022 is down to about 15%.
I like the hedges so much before the oil price ran. Now it's just one of those things that the debt make necessary.
soundandfury wrote: LiquidOctopusV2 wrote: I"ve got to admit, I've looked aroudn for the this $360 million hedge loss number and I can't see where you dug it up. It's not unreasonable, so I'm not arguing it, but where did you find it?
I did notice that $360 million was their debt repayment this quarter.
soundandfury wrote: $imply because i talk about their 360 million hedge loss in 2021.........hmmm.......anyone who knows me knows i never short sell ever......besides if i did sell some of my cpg stock i certainly would invest it in a better dividend paying company
i simply took the hedge loss of 90 million for q2 and multiply by 4 for 360 million loss in 2021.........it could be more or could be less but i think q2 times 4 is a reasonable estimate