Are you able to get a factual statement from the CFO of where these hedges really stand and on what volume? Is your spreadsheet reflective of where the CFO has represented they actually stand? As with a near 30 dollar disparity per barrel between the hedging price and the market price, there is no factor other than the hedges that have a more material impact on cashflow for the balance of the year.
ELK Price at posting:
7.4¢ Sentiment: None Disclosure: Not Held