RE:Hedges not the problemIt all depends on the oil price. The CEO is an optomist. while protecting hiss a$$ with hedgeing. Just imagine the CF at 80 WTI next year. Based on the hedges for 19. Even Q 1 to now the oil price increased 10 dollars canadian, that's 700,000 a day on 50% of the production rest being hedged. now move into 19 when hedges roll off or are at a higher price. At 80 dollars these guys could make an extra 2 mil a day on their production all going to the bottom line.
Time will tell if our CEO is a hero or a zero.