RE:If They should have a systematic hedging program at the very least until debt is below 60 million or under .5X cashflow.
They should also have some hedges in place whenever a big capital program is planned or if a dividend is launched. The launch of LNG Canada should open up some decent contracts later this year too. Schachter and Nuttall have been saying ithe plant is coming on early but I don't know what that is based on.