RE:RE:buy on the rumor sell on the newsI suspect it's a consequence of having become so debt-burdened. Uncomfortable lenders will insist on VET putting some protection onto cash flows -- oil price won't stay high forever.
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kelsat01 wrote: I noticed quite some time ago that the hedging was an issue. Gas prices went up in Europe and they hedged significantly (70%) and then gas prices exploded upwards. The result is a huge hedge loss. Unhedged producers are the winners in this early ecover cycle. This company will take more time to work through those hedges. The problem with VETs company presentation is the sensitivity chart is without hedges. That is kind of like Aaron Rodgers saying he is "immunized" They need to produce a sensitity chart with hedges in place but that would not look good for them.