RE:RE:RE:Hey ED & BODs: STOP HEDGING / NO MAS !!!Valid opinion. I'm a bit more conservative...but I'm probably a lot older too lol.
Eigen337 wrote:
In my ANALYSIS, once NET DEBT gets BELOW $ 800 million; there is ABSOLUTELY NO NEED to HEDGE !!!???!!!
WHO CARES what WCP is doing ?????
MEG is a MUCH BETTER COMPARISION !!!
They will LOSE a LOT of PRESENT shareholders if they INSIST on CAPPING their FUTURE WEALTH CREATION !!!???!!!
CVE took a LOT OF FLAK by promising NOT TO HEDGE in 2018 {after REALIZING $ 1.5 BILLION in HEDGING LOSSES entered when they bought out COP in FCCL in 2017} and then HEDGING in late 2019 and onwards which resulted in another $ 1.5 BILLION in hedging losses [+BUYING OUT THE OUT OF MONEY hedge contracts] in 2022 !!!
Given the TIGHT crude oil supply environment for the next couple of years at least, hedging is a FOOL'S course of action !!!
YES, there is RISK but risk is part of an INTEGRAL PART of INVESTING !!!???!!!
This is my opinion only.
Eigen337