RE:Well Economics- HEDGING is an INSURANCE LOSER'S GAME that OVER the LONG 'should' be AVOIDED but you HIT the JACKPOT when you SKIP BANKRUPTCY by having them IN PLACE
- look at CVE:
* BILLIONS of DOLLARS in SHAREHOLDER VALUE DESTRUCTION in order to GET LOANS from BANKS that FORCED HEDGES on them when they made ACQUISITIONS
- YES, hedges are a VITAL RISK MANGEMENT TOOL but IF you have the FINANCIAL MUSCLE to ABSORB a DEPRESSED PRICING-INDUCED COMMODITY LIQUIDITY CRISIS than you 'should' NOT HAVE THEM
z173