RE:From the mountain top I screamMay be easier said than done as they might be required for creditor requirements.
What would be the cost of closing out 2023 - 2024 hedges? 2025 there is almost nothing hedged.
2023 and 2024 hedges drop off for both O&G 48% and 95% for oil and 42% and 75% for Ngas.
There may not be a cost advantage although CVE deifinately gained that physcological advantage of disclosing the losses up front and then letting the earnings come as a nice surprise.
The market generally knows what's what. Let's see what they do today.
GLTA Longs
Tothemoon2 wrote: please close out the 2024 and 2025 nat gas hedges while the AECO futures price for nat gas is around CDN/GJ $4.00 Clean the books up if for no other reason than investor perceptions.