RE:RE:COS DebtWhile it is widely agreed now that hedging would have been a good idea even Harold Hamm the godfather of shale drilling cashed in ALL their hedges before the drop. Hindsight is allways 20-20 and will be a great lesson down the road. With respect to debt covenants cos is not alone in danger of breaching, any lender will look at the reality and realize they must make allowances now of take a beating on their loans and bonds It probably means the dividend is gone but that's the price to be paid for a lenders adjustments to covenants. This is the ugly part now but 5-10 years down the road investors will be rewarded, and it's not 7.00 because the market thinks the dividend will remain or there's no trouble .