Post by
retiredengexec on Nov 26, 2020 11:40am
Hedge Positions
At 45 and 2.75 these are neutral at current prices. They are not lifesavers unless everything tanks again.
Comment by
Robertboblaw on Nov 26, 2020 12:02pm
I think I screwed up their gas hedge. 2021 Nat gas is hedged @ $2.25 usd and their 2021 break even on nat gas is at $2.75. Sorry for the oops. Oil hedge is correct at $45 USD.
Comment by
topdown99 on Nov 26, 2020 3:05pm
Actually the limited amount of gas hedged for 2021 is $2.55 usd
Comment by
Robertboblaw on Nov 26, 2020 3:13pm
Sorry again for the oops. I stand corrected. Thx topdown for clarifying.
Comment by
regardless on Nov 27, 2020 10:07am
Looks like today the market may give us some more value based on the great company this is undervalued here by about 5$ a share right now but this will soon become apparent to many of it allready hasn't
Comment by
regardless on Nov 27, 2020 11:56am
Two big blocks moved just now..... I'm wondering if Canadian hedge funds can only buy at a certain share price ? And if so could us being above 5.50$ be that floor they need to accumilate.... I also noticed my margin account available buying power just tripled once we went over 5.30$ any correlation to this run up?
Comment by
topdown99 on Nov 27, 2020 4:08pm
I was out all day and only just returned (nice surprise) . I believe "funds" need a minimum market cap value before they can invest in a company , although share price is a component of market cap . VII is a quality asset , It also depends on the type of fund , small cap funds have lower requirements . I'm surprised more people haven't jumped on these "sale" prices .