RE:ARX swaps $47.33 oil trades for 95.00 * 8470 boe/dayBut sometimes you have to hedge, or your customers will go to another company that does hedge and buy. Then you have no one to sell your product to. And you get nothing. I admit, Hedges are low. But who expected these prices after and during Covid. I think it has more to do with propping up the dividend that stalled Arx share price climb. Dividend stocks grow at a slower pace in this environment.