HedgesTheir hedges are between 69.90 and 73.42 so if the price goes higher than 73.42 they don't receive any more. 54% of their production is hedged at that for 23. They did have hedges at 60 dollars but the also had hedges at 90 so thats the average.
For every dollar oil moves + - SOIL's FCF is effected by 4 mil, this includes the hedges so 10 dollars works out to 4 mil.