RE:RE:Drill, Drill, Drill...........I dont get it
Can and should are two different things. Half of their production is hedged meaning that every new barrel that comes on comes with a $48 value. If I had a hedge for 50% of bbls I think the more prudent thing to do is stop drilling and look for purchase opportunities. Even if production drops in the mean time the production that is dropping is a $48 per bbl...who cares. But that is the difference between real business and the business of the stock market. Give me a hedge for 50% of production and I think I shut everything off and buy barrels for $48 and sell them for $100. Just me and my computer.