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.

Yes I was thinking about that too.That should be a good step.The current hedge was placed to low and to late in time.The chart of the oil price was almost at bottom.

Maybe they can just wait a while because oil price can get a little higher as well but maybe in March next year or so considering a hedge would not be bad.Hedging is all about timing .It's a technical chart event .