"Timing is a game that not to many people win at. If they hedge today for example they can probably get a 6-9 month hedge at about $82-$83. They stand to lose more on a big WTI drop then they can gain on a price increase. Protecting the downside right now is probably more important then trying to squeeze the last $ out of WTI.

Just think what a hedge for 6-9 months "

Agreed, protection is more important then max profit right now, they need to be low risk as they get P2 up and work on trying to figure out how to correct P1 production.

Just a quick note to all the usual posters, I appreciate your analysis when done with facts and not just emotional attacks against other posters. The financial breakdowns are the best, keep up the good work. Hopefully CLL can get P2 up with no problems and correct P1 and move on to either expanding P1/PD2 or starting P3 and get this rocking.

Rex