So the company will make more money this year with its starting...

So the company will make more money this year with its starting production and revenue half of what it was last year.

you expect it to make more money when it now has significant hedging in place out of the money when it had no hedging in place last year.

You fail to mention what profitable oil production has achieved for BYE. They make a profit but have no cash how is this …. They use all cashflow to drill underperforming wells drawing down producing reserves and replacing these with undeveloped reserves …. There’s a reason the SP is near all time lows the market is pricing BYE doing what it has done consistently over the past years squandering revenue on underperforming wells

sounds like you have fallen into old mate $1 Maynard camp and calling these wells a success before they have even flowed let alone got to a stabilised level of performance