RE:RE:RE:RE:RE:Dale is speaking today - AGAINDarned if you do and darned if you don't hedge.
If prices dropped back to $2 which I do not think they will, many would be saying:
WHY DID THEY NOT HEDGE MORE AT $5 OR HIGHER????
Maybe all new production is unhedged for the next six months, unless someone asks???
We are all sad when what we believe is a multibagger long-term hold taken out.
Remember last quarter report we sank about 30%, yes it was a weak period.
If there was a take out I think in excess of $7 maybe, many would try say at 50% but there could be white knights, and how many shareholders would just jump ship early on and go to another one of many other oil and gas stocks.
Hard to say but do you want to be around for another weak report?