RE:HedgesI listened to the Q2 conference call again. This call was at the end of July.
They stated that they were positioning hedge volumes at approx 20% of production in 2023 using collars.
Given the steep decline in oil prices since then, wonder if they will reconsidered this %. A question to ask for sure at their next report. In the past their hedges were in the 40-50% range. I would feel a lot more secure with my CPG investment knowing that they have a significant hedge book next year to protect our returns with sustainable dividends and share buybacks. As far as dividends, would really like them to pay monthly instead of quarterly.
filefish wrote: Good thing CPG is 45% hedged thru the remainder of this year.
The reduction in price of WTI has now brought their current hedges into play.
Hopefully, we will find out that they have added more at a decent price in 2023 since the last report.