RE:RE:Hedging I think they're stuck with heavy hedges until the debt is paid down. In 2022 hedeges won't cause such a high impairement but they will.
I'm fairly certain the oil price won't turn down but, if it does, they're prepared. The odd thing is, most investors don't understand the hedges and the share price will go down with the market price for oil regardless of hedges. Life sucks.
jleer42 wrote: This quarter all hedges are swaps - fixed price. Starting 2022 the heding includes collars and 3-way collars, so more upside with the hedges. The swaps should also be at a higher price. But ya, heavily hedged.
https://www.crescentpointenergy.com/invest/hedges