RE: Hedging program?A question did come up at the end of their presentation today about hedging.
The short answer is that they do not have any hedges in place at this time.
They claim to have missed the opportunity in the summer when they normally set these up but with gas prices as they are now , they believe that now is not the time to write new ones.
I think they made another error when the missed the opportunity to hedge out the production from the private company they purchased in the Fall.
This lack of hedging looks to be the main reason for the continued fall in the share price , along with NG.
Looks like we will have to sit tight and wait a while before we see any turnaround in our VRO investment..