RE:RE:RE:I took a bit of Desjardines view of CRGonatgo, I calculated the hedges awhile back and I believe Crew had about 25 - 30 Mmcf/day hedged out until November 2021 or approximately 30% of their 90 Mmcf/day production. With the production increasing in say 150 Mmcf/day that would put their hedge position at 20% of their production. That leaves a large portion (80%) of their gas production unhedged and I think that is what the Dejardines analyst is missing.
Dejardines is not aware of the production bump that is coming. Not his fault though, as I mentioned before, Crew has been very quiet about their plans. If you have the hedge calculation can you please share the percentage hedged? I seemed to have misplaced that spreadsheet.