RE:RE:RE:News releaseYou guys don't know what your talking about learn to read.
The company continues to maintain a disciplined and prudent approach to debt management through its risk management program. The company's objective is to mitigate price volatility to provide more predictability to the company's funds flow and lock in economic returns on capital spending. The company has now hedged approximately 40 per cent of 2019 forecasted crude oil production using a combination of fixed price swaps at an average price of $74/barrel and costless collars providing average downside protection at $72/bbl and average upside participation to $92/bbl. In the first half of 2020, the company has approximately 13 per cent of its forecasted crude oil production hedged using costless collars providing downside protection at $69/bbl and average upside participation to $89/bbl. In addition, given the volatility in Canadian crude oil differentials, the company has fixed the mixed sweet blend (MSW) differential using both financial and physical contracts at an average price of approximately $10.90 (U.S.)/bbl on approximately 3,000 bbl/d in the first half of 2019.