RE:RE:RE:Something might be up here........The math does show that if your cash costs are higher, you have to hedge more (closer to the high than the low obviously) otherwise your losses will be greater if WTI drops significantly which it invariably does every so often.
Raymondjames wrote: Like I posted earlier, this stock is trading Ike it's going under. It won't. Karr and Waipiti have some of the best well economics in the basin. Problem here was lack of hedges but, with oil going higher, pou should be able to survive this crisis. If you get a bank covenant relief announcement, add $1 to share price.