RE:RE:RE:RE:Hedging lossesPehaps nothing, hedging malpractice, and go back though the ARC videos and listen to management defending their hedging malpractice when the finalized realized their BLUNDER.
The devil made them do it, hedge out 3 years. A company with a prestine balance sheet, why doesn't every other energy company in the industry have this dimal hedge book in place. This was not done by VII generations, quit fabricating these stories.
This is an example of Management work, really time for new management.
All this capital efficiency talk from Terry, is bottom line, he has never had to look at top line capital efficiency, he is an operational guy, not a business leader.
IMHO