Post by
mlcb2525 on Jul 07, 2021 10:19am
Dropping Oil prices
I wonder if all the people who criticized management for their hedging in Q1, are hoping the management team did not follow their advise of not hedging going foward. It is so easy being a Monday morning critic. The smart people are buying as the weak hands (likely the Q1 hedging critics) who are panicking...................
Comment by
Mindset on Jul 07, 2021 10:59am
Yeah I feel great about 40% of the production hedged at $55. SO relieved. lol.
Comment by
Chris007 on Jul 07, 2021 11:11am
Its actually around 60% hedged... 15,900 bbl/d @ 55 WTI and another 4000 bbl/d @ 62.50 So basically 60% of production hedged at an average price of 56.50
Comment by
ComradeKomissar on Jul 07, 2021 4:08pm
30% hedged according to RBC Capital Markets.
Comment by
Chris007 on Jul 07, 2021 4:22pm
According to the Q1 2021 MD&A - Risk Management Contracts - pg. 15 & 16 WTI sold call options - July - December 2021 - 15,900 bbl/d @ 55.90 USD/bbl WTI fixed price swaps July - December 2021 - 4,000 bbl/d @ 62.50 USD/bbl Assuming average production of 34K bbl/d...thats approx 60% hedged for the rest of the year