RE:RE:RE:RE:Anyone think Arc will buyout there poor hedgesCorrect, and the losses will show each quarter until all done But by unwinding now you look better in the future . Quick hands up who thinks the market is rationale? Having higher earnings over the next three quarters will look better. You would only close out the hedges if you felt prices were going to rise. In effect you are reversing the swap. So if prices rise from the time you close out you win. Otherwise it's a double whammy