Hedge low, dont hedge high
Total clown's
down 40 % since JJ screwed us on the Pr conversion
crk now a 12 handle, closing in on 11
Re: crk now a 12 handle, closing in on 11
To be fair EOG puked their hedges at the highs. Hedging when everyone is bullish is generally a good idea
Re: crk now a 12 handle, closing in on 11
That's the point, they locked in 2.50 for 2 years for what reason? Then they didn't hedge when NG hit 10.
I would incentivize mgt with a bonus on net realized price. 2.50-to 5.00 you get 0
I would incentivize mgt with a bonus on net realized price. 2.50-to 5.00 you get 0
CRK and hedges
Someone else picked up on CRK and overall comment on hedges or lack thereof
https://mailchi.mp/synmax/market-update-9-13512696
https://mailchi.mp/synmax/market-update-9-13512696
Re: crk now a 12 handle, closing in on 11
Comstock has posted an updated presentation on their website. You should review it carefully.
They are now hedging with collars.
They are now hedging with collars.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group