Earnings dayWait has seemed long. Eager to see the package opened.
Numbers afetr market. Then time to digest overnight and themn listen to the conference call in the morning.
As usual the options are hard to manage. Huge losses being unwound. Decision not to hedge any mor emakes sense as debt levels shrink. And yet oil prices sure to pull way back nowOVV (and others) have not layered in hedges at the recent highs.
Just the way it is. It is mpossible to use hedges when most helpful and avoid them when they will cause future pain. It is a lot easier to get it backwards.