Replies to post #442509 on ORIONS Money Stocks

[DDHOUND]

On QEP what am I missing about this statement as to why QEP has not moved up more than it has?

'Increased remaining 2020 hedge position to 13.1 million barrels of oil at an average price of approximately $56.50 per barrel'

Im by no means an expert in the oil industry buy when you have a hedge like this at a time like this isn't that enormous? What am I missing.