RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:HedgesI agree 100% with Yasch's last comments.
As a past floor trader in Alberta, early 80's, many traders had to take losses on some bad positions over time and reduce them with new positions in the same stock or other stocks to aleviate the pain.
They of course were not sure of total defeat by Saudis, Russia, TC Energy AECO conflict, and Covid.
I also think most companies are in the same boat but for different reasons, most stocks have not bounced back at all other than the majors like CNQ. Sure they have come off their early 2020 lows many times, but remember very few people bought anywhere near their lows. Most here may have bought a few shares here and there to average down or take advantage of good deals they knew as long as the company did not go belly up that they were going to make money on.
So the news people love to say huge gains have been made are rediculous, just talk to anyone with an equivalent Peyto position from $20 to $40, BNE, VET, many that were taken over for cheap prices where holders will never get their money back and had to take losses when the company was taken over. Only if you moved into another company would you be able to continue some sort of rebound.