RE:Cpg generated $290 million in excess cash flow in q136% so not quite as bad. There are other stocks which are hedge free, why not just buy and focus on them?
soundandfury wrote: Cpg lost $165 million on its hedge book......so cpg threw away 57% of its available cash flow to some unknown entity who happened to be brave enough to buy wti crude swaps that cpg sold.........57%.........with no hedges cpg free cash in q1 would have been 455 million........but wait there is more good news ......cpg still has over 300 million in unrealized hedge losses to come