RE:Hedged at 51 For high percentage of outputYou intentionally ignored that Baytex also hedged WCS to WTI spread.
As per Q3 report, for
2018, Baytex had entered into hedges on approximately 42% of its net WCS differential exposure at a price differential to WTI of US$14.19/bbl. This is more than 10 dollar less than current differential. What is you idiot point by hiding this important information?
zone1 wrote: -25 price differential = 26 buck a barrel no matter what oil goes too. Stupid management.