RE:RE:RE:RE:RE:RE:RE:Stock price down again ...The weird thing about the hedge is that because it was for about 45% of their production, when the POG went up, it actually benefitted the company: they were getting a better price for 55% of their production, and paying through the nose for 45%. However, the 45% wasn't actually money they paid, but money that they didn't make.
Now the POG is about 50 bucks over the hedge, so they are 'not making' less money than before; while for the 55% of their production, they're getting a much lower price. It's actually worse for the company, less money coming in, but it 'feels' better, and also looks better on the balance sheet.