why not wait a week and hindsight will again give us more fodder either pro or con,hedges and production cuts were put in place because the consensus of the loudest opinion was that Oil would slide into the $20's,Connacher reacted correctly when it placed its hedges,alas HINDSIGHT has proven this was not a good move ,who is to say that once bbl reaches $200/bbl that hedging at $150 is going to be a bad idea.I f memory serves me the BANKS used to insist that Oil Trusts use hedges when borrowing monies,I say ENOUGH with HINDSIGHT opinion it serves nothing but an opportunity for some to say "I told you so"this is not some exersise in theoretic investing I've got a ton of money involved,I'll stick to company info and hope my Due Dillegence serves me well..