RE:RE:RE:RE:RE:Capex Spendsand when this cycle truns negative, gas prices fall fast, the hedges make yu lots of money.
if you had the forsight you would see, hedges go both ways, in the end it might make you money..but the hedges convo is on. I don't like the idea the ceo does..hmm, I agree, it makes sense to hedge as the risk i the secotr is plenty high so allow the ceo to reduce wild price swings by controlled hedging. as this cycle reverves and natgas drops it is crikets as kel makes gobs on money on hedges.. I mean gobs.. more no more money invested they get this big windfall..
there is a plan based on the theory natgas prices are volitle, they can go up fast and down fast. if you lose money one way you make it up the other way, there is no long turn risk if done to reduce revenue swings from changin natgas prices.