RE:Ygr Presentation from Peter’s and Co ConferenceGood Presentation, thanks for sharing.
I wish they would have asked on hedging a question.
If 2024 is 120 cad hedge price for the year,,,average of 85...I think companies should be hedging like heck right now.
With ng prices so low, I think downside is so bad if oil ever hit even 80 cad in 2024. 120 is so profitable.
Shouldnt lower NG hedge curve make oil hedging more attractive escpially for light.
BNE, IPO, PEtrus and YGR are all obviusly moving towards oily locations and this strategy will only work if oil prices hold in 2024.
All hedging right now does is shift the risk onto the speculator that is dablling in Dec 2024 futures.