22 Hedge Position one of the better relative to industryThey hedged about 40% of their WCS, at a price that reflects a $70 USD WTI with a $15 differential, and another 10% with an upside limit of $98USD WTI.
They still have more to hedge, which if done at these prices locks in an amount far in excess of what analysts are basing their '22 projections on.
TD is using a $67 WTI price deck for '22 estimates. Most CAD banks are the same.
ATH's "bad hedges" for '22 are slightly above that level, and anything they hedge going forward will be well above that.
Check out BTE for bad hedges.