Hedging Don't normally post on this board but I was doing a little research on CPG. Was thinking of taking a few shares. I looked at there presentation and I have to ask if anyone can tell me why they have close to 50 percent of there production hedged for next year. This year it's more. I saw in CDN dollars some of it was in the 80s.
The only thing that seems to hold company's back seems to be hedging losses. Can anyone explain why so heavily hedged?
Maybe it's a good thing ?
Good luck ......see lots of comparisons between WCP and CPG.
WCP had less hedging , less debt , mind you a higher share count with less production.
Don't see any Carbon sequestering with CPG.
Don't get the hedging. That is massive. If oil goes to 100. This company is getting the short end of the stick.
big time.