Hedging provides good upside and is prudentLooking at the 5-year plan there is plenty of upside to current share prices with sound management direction and expectations.
My vote is not to pick red or black and spin the wheel.
A balanced approach will provide great long-term shareholder value.
Now companies can hit for the fences. For instance I own WCP and they can go on a spending spree now for a few billion looking for plays. While some may think this bomerun swing would be great...others including myself would dump the stock quicker than you could blink.
Again sound financial prudence is the name of the game. Rome wasn't built in a day.