RE:RE:$10Hey Trend, I just checked the investor presentation. Q1 2022 is set for a ~20% hedge. My guess is CPG's internal analysis says 2022 is lower risk than 2021. And it may also have to do with their anticipated cash position.
TrendSwapper wrote: It will be $10 again, but likely not until 2022 or beyond when oil hits $100 again. Free cash flow will be in excess of 2 billion when that time comes, and that's with 40% of production hedged. I assume they will relax their hedges next year to capitalize on higher prices. CPG is going to have a ridiculous amount of excess cash if a supercycle hits.