Replies to post #107128 on Savvy Trades and Investments

[littlejohn]

VTLE is losing as much as they are

gaining because of increasing oil

hedges for 3rd quarter and 4th quarter

after completing recent acquisition...

Company they bot had great hedges

that they terminated before deal close...

4th quarter shows about 29,000 bbls/day

were hedged around $71/bbl...

3rd quarter only shows about 23,000

bbls/day hedged at about $73/bbl...

That info was released in presentation

after the 2nd quarter report...

There were big hedges added after the

recent acquisition at low prices due

to inconvenient timing...

And position size has been reduced

accordingly in the price rally...

Real good hedged positions if the oil

price does plunge below $70/bbl...

Expecting to add back soon when the

oil prices corrects as needed...

Gravity has been a terror for oil prices

in 2023...


So we watch...LJ