Post by
twinjett on Nov 04, 2022 12:06pm
Derivatives lost (Hedges)
I was disappointed in the hedges lost again. For the third quarter they lost 76 million Canadian. For the year now the total lost was 285 million Canadian.
Comment by
jdmecomber on Nov 04, 2022 1:10pm
I was disappointed in the hedges lost again. For the third quarter they lost 76 million Canadian. For the year now the total lost was 285 million Canadian. Sure. It's disappointing but those hedges are off the books soon. I can't wait.
Comment by
Skylar1 on Nov 04, 2022 2:35pm
Yes it's disappointing , but in the future by paying off debt the banks will not control the oil companies.
Comment by
riski on Nov 04, 2022 1:19pm
The hedges have been known for over a year and well understood for anyone who has owned this for more than an hour. December delivery only has a couple weeks left before they are off the books. It's not material to the price action.
Comment by
Moemoney42 on Nov 04, 2022 1:35pm
Agreed riski.. those hedges dropping off soon and the markets forward looking will be the catalyst for a bump to the upside in 2023 IMO.. ;-)
Comment by
Moemoney42 on Nov 04, 2022 1:38pm
IMO a bit of the headwinds that are playing against our Canadian plays today is the CDN $ strength.. still not comparable to the move up in WTI though.. look for a rally into the close IMO..?? ;-)
Comment by
dllscwbysfn on Nov 04, 2022 1:49pm
Dollar goes up, bad, dollar goes down, bad, lol
Comment by
Investnowplease on Nov 05, 2022 12:41pm
Banks can finally get out of the way of BTE getting the cashflow required to pay down the debt. Agreed well know gor a long time. Too bad during the covid times BTE was forced to hedge to guarantee cashflow for banks. Please no more bad acq. That caused that problem in thecfirst place. Go BTE. Future looks great