Agree with the fact nobdy hedged at 100, but the more risk averse companies started to hedge at 80, some 70 and more at 60 and 55, so they have no defence here imo . At the very least if not hedge raise some capital and pay down some debt earlier
The current predicament is very poor, no way to fund the future imo. Look at the production rates falling about 7-8% per quarter. Development drilling will be needed next year
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Agree with the fact nobdy hedged at 100, but the more risk...
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