crk now a 12 handle, closing in on 11

[Fraser921]

Hedge low, dont hedge high

Total clown's

down 40 % since JJ screwed us on the Pr conversion

[willvanam]

To be fair EOG puked their hedges at the highs. Hedging when everyone is bullish is generally a good idea

[Fraser921]

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

[Fraser921]

Someone else picked up on CRK and overall comment on hedges or lack thereof

https://mailchi.mp/synmax/market-update-9-13512696

[dan_s]

Comstock has posted an updated presentation on their website. You should review it carefully.

They are now hedging with collars.