RE:RE:Not correct to use the words lossAbsolutely correct. There were , mercifully, hedges in place a year ago and unhedged production was shut down. No point producing at a cash loss. The screeching a year ago about needing more hedging was deafening.
mlcb2525 wrote: I think the hedging of most Cnd O&G companies was prudent. They needed to lock in a price that would support their capex, dividends in some cases and possibly due to requiremnents from debt holders.
The people who are crying about hedging would be first one's to complain if no hedges had been put in place and oil had not rallied.