RE:New SEPT presentation on websitePjanimal wrote: hedging slide update in appendix shows that hedges are going to hurt in q4 2021. Slide 17 I think.
Any thoughts
PJ,
one might say it hurts, but:
1 it made budgetting for 2021 possible and we've seen the results
2 last year, it didn't hurt a bit :-)
and
3 there's a little bit of further pain in Q2/3/4 2022 as well on the gas side
4 when discussing this issue before, I was told that the gas hedge is about 50% of total production. Didn't check that number personally.
Page 16 and the subtitle says it all.
No worries at all.
Have fun.