RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Time is running outIn what way are the two correlated in your mind?
The hedges were implemented last year, locking in future prices, which unfortunately turned out to be vastly lower than what spot turned out to be.
If anything, the hedges were implemented as a way to make sure capex is atleast covered, if nothing else.
That being said, thus far, with commodity prices where they currently are, as well as strip prices going in to next year, things look fairly positive in regard to refinancing. The pricing on the 2022 notes, now 90-something cents on the dollar, also bodes well, as obviously buyers believe theres a pretty high probability that they are going to get paid out.
fellowship wrote: The fact company is heding their production at some level is the indication that the debt will be taken care of. Not wanting to sound pejorative but time is running out is not exactly the case here.