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Re: rosemountbomber post# 3086

Friday, 05/13/2016 6:17:11 PM

Friday, May 13, 2016 6:17:11 PM

Post# of 18930
CHK plan to save on costs also includes a hedging strategy. The company has managed to hedge more than 590 billion cubic feet of its expected 2016 natural gas production at $2.84 million cubic feet (mcf), while 19 million barrels of 2016 oil production is hedged at $47.79 per barrel.In other words only a percentage of CHK oil & NG production is hedged, the rest of their production would benefit from higher oil & NG prices.
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