We initiated in the quarter 1,000 barrels a day of hedges for the balance of this year. So costs of color with a floor of approximately $81 and a ceiling of $102 or $103. We also put in 500 barrels a day for the balance of 2013 and 2014 with a similar band.Regarding our philosophy on hedging on a go forward basis, we are very, very comfortable in the 80/100 range. We would like to increase our hedges and you should definitely expect more from us.
Triangle Petroleum's CEO Discusses F2Q 2013 Results - Earnings Call Transcript
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.