In listening to the webcast it seems that another hedge is coming, which to me is a good move, simply to protect the downside. If they hedge at $82 which will average out to $80 for 5000 bbl/d, they simply have to hope differentials stay pretty close to where they are.

He seemed to stay away from current production so it seems the production is still struggling along at about 6500 bbl/d. The $49.50 hedge is changing to $78 in about a month which translates into about $71,000 US per day, then changed over to CDN dollars for the financials. That helps.

Of course getting to 8500 bbl/d will help by about US $150,000 per day extra.

Maybe someone knows something and that is why we saw a little increase today.