RE: Nat gas up3 Oct 2023 22:39
Metalhead25, can't argue with your reasoning. I do take issue with one of your assumptions though - when it comes to fraud, PwC (or any other auditor) doesn't have to be 'in on it'.
As for the modifying of hedge positions, and whether that's backward or forward facing, neither side of that argument can at this point prove which is the correct view to take. After all, hedging is an unregulated practice, and the very opacity of the use of the word 'modification' hardly helps to get a full picture of the companys' finances.
Good luck to you though, I hope in the fullness of time your investment proves to be a wise one.