Post by
BLACKJACK86 on Sep 18, 2022 12:52pm
doing some reading on the latest hedge from Q2 2022
i see that they have WTI collar for 13750 barrel at $52.36 to $81.17 for january to march 2023.
That a third of their production for a maximum of $81.17 US maximum.
Is it me or thats a bad hedge.....
Comment by
MLEWICKIMBA on Sep 18, 2022 1:35pm
Probably protects capex budget for funding needs for spring maintenance. Im guessing.
Comment by
ComradeKomissar on Sep 18, 2022 5:54pm
Basca really works for National Bank (debt + hedge counterparty), and Burgess. We're 3d in line to get paid