RE:RE:RE:MEG vs OILHow about nobody gives a rat's A$$ about Canadian Oil Companies.
Having said that it's trading close to mid range where I think it should be.
They are still 32 % hedged for the remainder of the year & 45% for the for the full year.
As of the end of July they are sitting on 182 Million of lost opportunities, with another 40 or so Million for the rest of Q3, what Q4 brings is anyone's guess
Still though even if they were only 20% hedged they wouldn't be trading that much higher.
2022 will be better for oil companies but I suspect it will need sustained oil prices into 2023 for the proverbial $hit to hit the fan.
Regards Fuz