OTCPK:FRTX - Post by User
Comment by
Maxmoeon May 29, 2023 12:36pm
112 Views
Post# 35468869
RE:RE:RE:RE:RE:RE:Have the wheels fallen off the bus?
RE:RE:RE:RE:RE:RE:Have the wheels fallen off the bus?Does nobody remember the hysterical screeching about only an idiot would use hedging? Left to themselves energy producers will always spend all their cash flow. Plus a little bit more if the bank will go for it. So the recent industry trend to restrain spending, that historically resulted in a drilling orgy and supply glut, is great. But we can't now chastise mgmt for not hedging, just a year or so after we all screamed bloody murder about any hedging losses when spot took off. Mgmt is doing what we asked. Sorry, demanded. Buybacks, dividends, and NO hedging. Works great when prices are $4,$5,$6 ++.