RE:RE:RE:RE:RE:RE:RE:APIThe other negative of high debt beyond the obvious lol is it forced alot of juniors to have to hedge in 2021. The bankers can force this....
Look at our competitors:
Bonterra...yep they have 2250 barrels of oil hedged through whole year...not so smart now hey?
They also have some NG hedged whole year....
Inplayoil has both oil and gas hedged in 2021.
But Yangarra has zero oil hedged for 2021...I am sure bankers would have put more pressure here if any worry but I think due to the low cost structure they could avoid having to hedge.
We only have a tiny amount of Ng hedged until March 31 and our increased production should cover alot of this. And the price isnt even that bad.
We suffered by not having hedges in 2020 but in 2021 we are looking smart.
Market isnt giving us enough credit for not being hedged....
71 cad oil look quite good right now....makes wells in the 6 month payout range.
We just need things to hold and our share price will come up in time.