RE:Money saved with hedges off in 2023jdmecomber wrote: I think I am reading this report right. Baytex has lost $284,816,000 in 2022 with its hedges so far????
So we're looking at an extra $80,000,000 of free cash flow a quarter for 2023?
correct. We're looking at significantly increased fcf in 2023
But I wanted to comment on hedges. They are an oddity in the energy business. Companies use hedges as part of a risk management strategy to lock in certain revenue and banks often force hedges on oil companies as a condition of a loan. But they aren't physical losses, they are revenue not earned.