RE:Holy C rap BatmanThey absorbed those hedges in Q2 likewise they will absorb those unrealized losses as well over however many quarters they are hedged for subject to the prices they hedge at in terms of how future quarters would compare to Q2. Probably they know the realized impact already - Q3 hedges are this, Q2 was that - just not something they divulge or anybody cares about though it could be guesstimated I suppose. Im guessing it equates to a full year of hedges of 70,000 bopd of conde per day at US$59 WTI (as WTI so happened to be ~$73 on June 30th). If you look at their realized conde price in Q2 and adjust for their realized hedge losses, its in the ballpark of us$59. Btw, I figure they are 40-60% hedged. Sorry for causing a panic.