RE:RE:RE:RBCHedges makes sure the company doesn't go bankrupt and everyone can still keep their jobs milking the company for years to come. Hedges or no Hedges, salaries are still the same. Why not secure the golden goose?
Seppelt wrote: That was a great acquisition. My focus is liquids-rich (condensate, NGLs) natural gas and that is the reason I bought some CPG which was mainly light and medium oil before buying Kaybob assets.
All good but I wish that the management would have more confidence in strong oil prices as many investors who bought the stock do. I wish they would lessen their hedges and stop gambling on derivatives. If investors were afraid oil is going down to $60, they wouldn't have bought the stock.