RE:RE:RE:RE:RE:RE:RE:Miniscule changes to hedgebook March to Aprilsportstermathew wrote: This is what I don't understand. Production should be much higher in the end, maybe up to 115,000 boe/d or higher by year end. Maybe adjustments will come along.
They don't want to be looked at as taking advantage of current prices against other producers and then cause an over supply.
This year is going to be very very interesting. Maybe I should be looking at some PEY calls?
Long term May 23's?
If Shenty can make money on calls we should be able to also.
Alternately you could sell some OTM puts and collect the extrinsic value rather than pay for it. I sold June 14 puts for 3.50 a few weeks back and September 16 puts for 5.50 (which I recently bought back). I'll hold the June puts to expiration and likely sell some more puts at that point if not assigned.