RE:RE:Im neutralHi Idleweiss,
some of these hedging losses indeed are cash cost. The realized (loss) on financial instruments -> 158 Million CAD were certainly paid in cash. The unrealized losses might turn out to be cash losses in the coming quarters.
Realized (loss) on financial instruments (158,523) (27,832)
Unrealized (loss) on financial instruments (note 3) (437,023) (32,254)
Don't get me wrong: I think the results were pretty good, but in hindsight, these hedges neutralized quite a bit of current and future cash flow.