RE:RE:RE:Oil over $74.00Good question Ruud. My guess is they will hedge at 49% which is what they have done in 2021. Now the fun part is guessing what the production number will be when they lock in their hedge. Lets say they sign the contracts when production is 30K BoE . Then they add another 10k production after the fact. The new production most likely wouldn't be covered under the contract. PIPE could be looking at 62.5% unhedged.
Just my guess though. it's up to the management team to optimize (let them earn those big salaries and bonuses).
RuudinFrance wrote: How much of future production will they dare to hedge?
At what price did they start for 2022 and are they increasing on a sliding upwards scale?
Hedging all, as yet not hedged, production at $75 may be a decision that perhaps is not appreciated later, although it would do all of us a lot of good.
Decision makers may sleep poorly these days :-)
Have fun.