RE:RE:RE:RE:RE:UpgradeReading comprehension is a toughie, but notice how I said "$1-3/BOE net hedging loss" as in across the entire production/risk management profile.
TD for example just updated their quarterly earnings price deck and is forecasting -$1.69/BOE hedging 2022E.
Furthermore, to really put the stupidity in perspective - of the total 292,709 MMbtu/d Velvet hedges, 203,370 MMbtu/d is basis swaps (70%).
If you're so confident in your hedging hypothesis, put your money where your mouth is and increase the 0.76% short interest to 0.076000001% short interest.
Until then - make like a tree, grow up, and go kick rocks.
I'm not about to argue with the lowest common denominator in the room and I hope your posts aren't representative of yourself in other aspects of your life.