I wonder if there's any oil company smart enough to put in Hedges at $80+ ???? Past year or so Some put in Hedges around $30-$40... I think CVE put in some hedges around $60+ ............. But are they smart enough to put some in at ~$80+.
Upsidedown, backwards....... Lock in low prices..... but when prices high I'm guessing few locking in.
All just my opinion/view/thinking/guessing.