RE:RE:RE:CJ's Edmonton mixed sweet at C$87 and WCS at C$69Sorry the only misleading going on here, is by you! You really don't have a clue when it comes to their hedges. Just like you didn't have a clue with MEI.
While futures, swaps and put options are the preferred hedging strategies of many oil and gas producers, many also utilized a strategy known as a costless collar. While the terminology might sound confusing at first, it’s actually quite simple. A costless collar is the combination of two options. In the case of a producer it is generally the combination of buying a put option (floor) and selling a call option, the combination of which results in both a floor and a ceiling.