RE:RE:RE:Banks should be suedMissing the point. Hedging is not a matter of choise; this is forced on the oil cmpanies by their creditors in order to renew the credit facility. Banks and financial institutions in order to renew their covenant with the deptor companies, demand some security and could care less about the shareholders, you and me. and how hedging cold affect the SP. WCP has 40% of its production hadged at $ 67 not far off the current WTI price. With 60% unhedged and at the current oil price the damage is softened and next year the hedge is reduced to about 30%, if I am correct. And to the extend they reduce debt and the role of the credit facility is minimized, hedges will be done away with.