RE:Hedging Weights on WCPWith only about 7 1/2 weeks left in 2021, 38% is almost behind us., and17% of 2022 is negligible in the big picture.
WINDGOD46 wrote: With 38 % of production hedged at $65, WCP is suffering a substantial loss in revenues leaving on the table $18/b at the current WTI price. Hedging is coming down to 17% of production in 2022 and to 5% in 2023. And to the extent they pay down debt they will be under less pressure by their creditors to hedge in the future. Perhaps that is what is holding the sp back, but eventually WCP will overcome.