Understanding Baytex Hedging programs
Guidance on hedging was provided if anyone wishes to understand what this is all about... and frankly given recent market pricing, I would say management knows their business and how unpredictable events are. See here:
https://www.baytexenergy.com/files/pdf/news-releases/2018/2018-08-22%20Baytex%20Raging%20River%20Closing_Final.pdf