RE:Re: HedgingSGY survived cos of hedging otherwise when oil price dip down after Russia and Saudi Arabia spat in 2019. SGY might be go bankrupt that time. We survise cos SGY was having good hedging for 6 monthes after that.
Bad hedging for 2021 and ARO is story of almost all canadian oil companies. SGY production was down cos they sold 2700 barrels per day to save this company from bankruptcy
Hope somebody should have crystal eye to see oil market ,would bounce back that fast then hedging senario for all canadian oil patch might be totally different.
Repeatedly same irrelevent posts again and again on this bullboard does not make any sense if you don't own this stock.
I am pretty sure that buying other oil companies to add production and dilution of shares in this year might be tough but would bear fruit in 2022 for company and share holders as well.
GL to longs.