Hedging question

Let's say that oil or gas spikes up bigtime like natural gas just did. Heck, the futures price went from about $3.00 on October 1 and just a couple days ago, it was $4.90! That is a wild spike. My question is, can companies buy hedges during a spike like that, will they find takers at the much higher levels? That was an over 50% rise! (And now, it's falling!)

On a sidenote, I hope it doesn't crash back to where it was, lol.

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