RE:RE:RE:WTI hits $80 ...... I would recommend putting some HEDGES in this can be a multi year energy bull run. It was created from years of oil/gas bashing and investment curtailment. Not all people undetstood it yet. The hot new slogan lately is ESG, all western virtue signaling, as if opec, russia, china, africa give a rat a55 about ESG. China is burning every lump of coal they can get their hands on.
oilandgasmick wrote: Agreed-because you know that this price level is very optimistic and there will be a retracement.
Hedges limit the upside but they help to achieve your shorter term goals and right now that is debt reduction. 6 months ago nobody really thought that the company would reach its 8B target by mid 2022. Heges virtually assure that will happen.