Brent getting to the Pointy End, will break one way or tother...

Brent getting to the Pointy End, will break one way or tother well before end of month IMO:



Anyone remind me what SXY's hedge position is for current FY? Are they still protected to downside while retaining 100% upside with puts etc like last year? And for what portion of production, was a third last year, I think?
SXY future is gas of course, but still need to earn a crust in the meantime... am thinking a buying opportunity may present itself...