RE:RE:RE:RE:Hedging Just to reiterate my understanding of the hedge position. They are less than 50% hedged in a collar arrangement that protects them below $45 WTI ( guarantees $45) but they are effectively capped at $52 (the excess goes to the counterparty). The rest floats with the market. Is that correct? It seems people are making a pretty big deal on a fairly modestly out of the money hedge.