Post by
soundandfury on Jul 27, 2022 5:54pm
I do think heads should roll
$22.00 per barrel hedge loss gotta be a new record in canada oil patch.......it works out to about $800 million in lost adjusted funds flow in 2022.......unforgiveable in a oil bull market like we are in.......but they claim its not real money.......hahahaha
Comment by
angelnicky on Jul 27, 2022 7:30pm
CEO and Board of Directors must be held accountable Time for a change
Comment by
DrBill1 on Jul 28, 2022 9:30am
Most likely the "hedge" was a requirement of bank loans taken to fund the acquisition. Hedges will be normalized soon. Management was wise to make the acquisition with benefits realizing now.