RE:RE:RE:WTI now @ 73 bucks! Gimme a break Debbie downer.
1] Name ONE oil producer that doesn't hedge. ONE.
2) despite saving the company from insolvency, hedges did not slow the price crash on the way down . Not one bit. Why would you conclude it's holding SGY or any other stock back on the way up? Were you screaming just as loud about the HUGE hedging profits last year? Didn't think so.
3) Sgy is up from last year at 18 when I bought some. It's up by nearly 4X . WTF is your problem?
4) what would the share price be with less or more or zero hedges? The same. $70 oil is $1 sgy, hedged or not, sooner not later.
jremple wrote:
Theconsortman wrote: Sparky stuff is mid 20s so basically in line with WCS which is $59.60 US which is $73.77 CDN.
Just imagine what the share price would be if we didn't have the hedges that are costing us millions.
Does the market think oil prices will fall before our hedges expire? Is that what is keeping the share price down?