Post by
MyHoneyPot on Mar 03, 2021 8:33pm
Hedges
Hedges are like looking in the rear view window, if the car is low on gas we sometimes do what we have to, so we can get to the next gas station.
I don't like the hedges, however look across the landscape and tell me what hedges that were put in place in 2020 were good hedges.
I posted on the VII generation board to take out of their presentation that 30% of their production was hedged are 45 dollars U.S., VII generations no longer has its own slide highlighting 45 dollar hedges.
So hedging is an art, you need to be able to defend your rational when prices are strong, and your a genius when prices are weak.
I don't like the hedges it move the goal posts a little futher out, but they are still there all the same.
IMHO
Comment by
Robertboblaw on Mar 03, 2021 8:54pm
Yes. I like your anology HP. The hedges for 2021 almost certainly move the goal posts out to at least 2022 or maybe even 2023. If a person has at least 2 years to wait, POU should be among the best performers into 2022 and 2023 and beyond IMO. GLTA