2020 oil vs 2021Amazing how prices have changed in one small year. In April 2020 the Cushing average WTI price was ~16.50 U.S. and September and October around $39. Now the WTI price translated into Canadian dollars is around $102. Natural gas prices have also more or less doubled at most delivery points. This is a bonanza for most oil and gassers, but the market is still very hesitant and institutional inverstors are largely bailing. One lesson from the bust to boom story is that hedging and dealing with nervous bankers from a position of balance sheet weakness is foolish. In a cyclical commodity business your balance sheet must be pristine. Very low debt gives a company many more options at the bottom of the cycle, whether acquisitions, hedging, financing, etc. Having said that, it wouldn't hurt my feelings to get a dividend increase.