Post by
drunk@noon on Mar 25, 2024 10:01am
Trouble is D-bag managment has almost 60% and 50% of 2024/25
production poorly hedged 9i.e approx $70 for 2024 and $65 for 2025.
Comment by
ppp on Mar 26, 2024 9:18am
Can't blame it on these guys. those hedges came with Ridgeback. But yes, it's the only negative this company has. Even with the hedges, they blow everyone out of the water with their netbacks.
Comment by
Kpitreal on Apr 08, 2024 10:45am
The hedge while not ideal is taken to ensure that they can make their debt payments no mattet what. Ensuring the company can pay its bills and move on the a more manageable debt level. Insurance on going forward. Ok with me. 2025 or 2026 hegges won't be necessary or required imo