Do I understand correctly.... Nat Gas hedges (65% of production is hedged at $1.92) come off this month....which is great. The rest has been floating (upside revenue surprise?)
Oil hedges (40% of condensate production hedged) come off at the end of December...which hopefull helps NVA to skate through these near term price declines.
Given 50% of sales are from condensate, does the uptick in natgas prices offset the potential decline in oil/condensate prices?
any rational thoughts are appreciated.