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crk now a 12 handle, closing in on 11
Posted: Tue Jan 03, 2023 10:41 am
by Fraser921
Hedge low, dont hedge high
Total clown's
down 40 % since JJ screwed us on the Pr conversion
Re: crk now a 12 handle, closing in on 11
Posted: Fri Jan 06, 2023 7:46 pm
by willvanam
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
Posted: Fri Jan 06, 2023 7:56 pm
by 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
CRK and hedges
Posted: Sat Jan 07, 2023 3:19 pm
by Fraser921
Someone else picked up on CRK and overall comment on hedges or lack thereof
https://mailchi.mp/synmax/market-update-9-13512696
Re: crk now a 12 handle, closing in on 11
Posted: Sat Jan 07, 2023 4:01 pm
by dan_s
Comstock has posted an updated presentation on their website. You should review it carefully.
They are now hedging with collars.