Replies to post #21580 on The Rising Influence of Rising Affluence

[Fred Kadiddlehopper]

Both Bloomberg and Marketwatch have current prices over $20. So you are saying these numbers are not valid?
Thanks for your insight.
-Fritz

[OakesCS]

I don’t see how this situation can’t result in a very large number of wells being shut in but onto another question

at the beginning of this some producers were thinking they’d b ok for at least 6 months because they had hedges in place. Do hedges require purchase or do they say “IF purchased, then it costs $x”. I don’t see people on the high $ side being able to fulfill obligations.