RE:RE:RE:Re: re: realized loss on dirivatives ( 5.31 per barrel sold This is becoming a circular discussion.
Yes, Realized and Unrealized loss are included in Q2 ($322 million loss) It has to be ...
A loss is a loss, even though part of it may be recovered some time in the future.
It took us from an EPS profit to a loss.
Present hedges will not roll off anytime soon.
Refer to the new September presentation on page 19
In Q3 & Q4 ,we now show 61% hedged, an increase of 5% from 56%.
Q3 & Q4 Crude hedges are now 61% of oil production at roughly $75 Canadian dollars.
That's $57 in US dollar for comparing to US dollar NYMEX daily spot price.
The difference at today prices is roughly $10 per barrel per day.
$10 USD per barrel loss on 155,000 barrels of oil per day.
US $1.5 mn per day for 2 quarters (180 days)
mercatos wrote: Hey It
Read the foot notes #18 page 15
For Q2 realized losses on hedging are (87.9)
Unrealized losses (234.3)
The differnce between realized and unrealized is this.
Realized is the actual amount of hedges that were used as a loss in the quarter.
Unrealized is what they estimate to lose in future quarters based on the price they forecast it to be.
All gains and losses whether they are realized or unrealized is reported as one number.
Hope that helps you understand