RE:RE:RE:RE:RE:Does CR lose some Hedges April 1 in our favor? TD12, you are 100% correct. The problem is what to do with Spring and Summer 2022 production. Right now, it can only be hedged at levels below $2.25. There were no much better prices earlier.
That would explain why Crew only has about 1/3 hedged. Hoping for prices start to go up when we hit Fall 2021.
TouchDown12 wrote: Thanks Folks. Crack team we have on this board. Great Job. I assume that any new production just coming on stream would add to the non-hedged portion for a period of time - till the new prodcution is 'hedgeable'? With the numbers you folks were floating this weekend in terms of production increases - seems that the acutal % hedged could drop and allow them to take advantage of better spot or new hedges in Q2-Q3. Make sense? TD12