VTLE posted +6.89 versus -5.18 year ago results... 2023 results are more realistic... NON-Gaap numbers posted everywhere of +4.50 versus +5.17 year ago are highly misleading... Year ago quarter saw LPI/VTLE pay out about $125 million from revenue due to their quarterly hedging loss... 2nd quarter of 2022 had even larger cash paid out from revenue due to even larger quarterly hedging loss... 1st quarter, 2023 included about $20 million gain on hedges or about $1.15/share or so versus about roughly $365 million hedge loss recorded in 1st quarter, 2022, which saw a lot of realized loss from hedging in 2nd and 3rd quarter of 2022... https://finance.yahoo.com/news/vital-energy-reports-first-quarter-201500035.html VTLE should probably defer one well drill a little longer and take advantage of the sale on company shares now with increasing share buy backs... That almost $200 million of reserves added to oil/gas assets in 1st quarter won't spoil... Buy back cheap stock, pay down more debt, or drill more with oil/natural gas prices lower... decisions, decisions...rough on companies making money... So we watch...LJ