MikeThe hedged barrels are hedged so low that the take away any gsins made by the unhedged barrels.......in q2 the hedge loss was greater than the unhedged cas flow.........i hope your right about 2022 hedging but i believe the banks run that part of sgy business now......as sgy said the banks required those nasty hedges....one thing is for sure until sgy desperately needs to make peace with its bankers.