Post by
soundandfury on Mar 25, 2022 2:38pm
Hedges are holding back share price
Although 1.1 billion free cash is a sizeable sum........these hedges @ 70.00 usd wti are gonna cost cpg over $800 million @ $110 usd .........with no hedges we would likely be $15.00 to $16.00 share price.............good work craig b
Comment by
Barkis on Mar 25, 2022 3:28pm
I don't think it will be as bad as you say. Dec WTI oil can still be had for $91. They will be using weighted average of the remaining 2022 months to calculate hedge position. The non-cash loss will be a lot less than $40 per barrel per day. IMO
Comment by
LiquidOctopusV2 on Mar 25, 2022 3:29pm
We're going to get there at these levels with these hedges. You've just noted the most optomistic price range.
Comment by
BigJoe778 on Mar 25, 2022 5:09pm
This is exactly what I've been saying for quite a while. Absolutely no reason to be hedged in the current market.......a la MEG!