Cenovus Energy Inc T.CVE

I wonder if there's any oil company smart enough to put in

[RagingBull3]

Hedges at $80+   ????    Past year or so Some put in Hedges around $30-$40... I think CVE put in some hedges around $60+   .............   But are they smart enough to put some in at ~$80+.

Upsidedown, backwards.......    Lock in low prices..... but when prices high I'm guessing few locking in.

All just my opinion/view/thinking/guessing.

[ChickenLittle13]

CPG hedged 40% of their production in 2022 at decently high prices (high 70's WTI). Everyone was laughing at them. Looking like geniuses now. 

[RagingBull3]

Thanks for the info.   Checking it out.... "As part of its risk management program to reduce cash flow volatility, Crescent Point maintains an active and diversified hedging portfolio. The Company currently has approximately 45 percent of its oil and liquids production, net of royalty interest, hedged for 2022 utilizing a portfolio of swaps and collars that provide a combination of

[RagingBull3]

They are at 45%......  That would be the MAXIMUM I would hedge.   If oil price Tanks, cut production and expenses and Cap Ex to hedged levels and ride it out profitable.... All just my opinion/view/thinking.