RE:RE:RE:2022 Budget and Updated Five-Year Outlook Hedging has always been a conservative and smart risk mitigation strategy.
When things are good people hate hedges but boy do they love them when things turn.
Me I always like a balance of hedge anything else would be irresponsible in my mind. This isn't Veags always have risk mitigation
Konaboy wrote: Oh how the pendulum swings ... first we hate
hedges, and two weeks later we love them.
That's conviction !!
All in !!!
red2000 wrote: As soon as the market wake-up and cool down, we may see 4,50$ + !!!
Wow 2,1B$ of FCF in 5 years, it's like paying the full debt in 3 years or less especially if WTI go over 65$. Seems a no brainer !!!
Remember Baytex had hedge price fo 68$ for 42% of is production, exclude Clearwater !!!!
Very secure play compare to other cies with no hedge !!
Good job for Ed and is management team !
Now let's see Clearwater drilling number !!!
Please do your DD, it's your money !