Post by
Robertboblaw on Feb 05, 2021 5:56pm
2022 hedges and beyond
VII still hasn't added any new hedges for 2022 and beyond which bodes very well I believe for longs. The hedge book for 2022 is only ~5,000 boes of oil at ~$45 and, what I think is about 30% of their gas is hedged around $2.50. This looks to me they are bullish oil as they have virtually no oil hedged beyond 2021. This is directly from the Feb presentation. GLTA
Comment by
Robertboblaw on Feb 05, 2021 6:11pm
Though I must caution it's only as of September 30 2020. We may only find out for sure once Q4 goes live...