RE:RE:RE:ARX Staff Compensation = Shareholders Dividends
In about a years time when the hedges roll off with record prices and we have some high prices being potentially locked in, we may command a higher PE ratio than the unhedged competitors. I also wonder about further acquisitions or merging with unhedged producers once kakwa and the other plays have been optimized. Hedging can be a good thing and scaling up can expand valuations on existing earnings, CNQ trades at a far higher multiple due to scale for example. I view the current penalties this stock is facing as an opportunity.