ran out of edit time >>the option cost is included in the $500k...

ran out of edit time >>the option cost is included in the $500k hedging loss .. so not as high as I first thought...

As I've stated before not a fan of the hedging .. straight off it cost CE1 in option fees $500k in hedge losses for the Qty ... wasted on trying to play the hedge game .. IMHO if you don't need to have the hedging for lending then take the risk you might see O&G tank and not make much profit ..but least if Oil is above your costs then make the most of it ... how many million have been blown on hedging?? I see forecast another 200k predicted loss from hedging 4Q