RE: NET LOSS 84 MILLION BUCKS H2 is Pants11 Aug 2021 15:56
Hindsight is a wonderful thing. This time last year, almost every comment was a celebration of the hedging program when oil and gas prices were at record lows. I also remember DEC (DGOC at the time) increasing dividends when other gas/oil companies reduced or stopped theirs. Let's face it, now some companies are celebrating record revenues, they are not exactly paying shareholders record amounts. Try finding a company to beat DECs 10% every single year.
Hedging guarantees sale volumes & the price. As the volume and price is known, it allows you to plan with great certainty.