So it was bad management initially when they hedged worrior and...

So it was bad management initially when they hedged worrior and they were lucky when they hedged last year? EL,

Lucky that they tested the business? They put suggestions in a hat and pulled that out? Believe me I'm sure they would've preferred oil to stay above 100/barrel rather than rely on hedges but at least they had them unlike some of those companies you mentioned. Weren't they lucky enough to put them in place? Now I'm a fan esp of CVN but why any oil company would not put in some hedges at or above $100 is beyond me.

On that initial hedge, a lot of these types of instruments are insisted upon by the bankers who provide the funds. If not they have to get the money through other means.

I understand that STU is not the most risk adverse company but it has a strategy and as yet has not cost the shareholders through dilution unlike a lot of other companies. That is why I hold. Why are you watching it EL?