RE: RE: Avf big companies can save a lot of admin costs by streamling there operations. 3 teams beacome 1 and are more focused on thier goals and processes. big companies can be managed alot easier and cheaper.
we wont be as big as pengrowth but that leaves more room for growth.
pengrowth is stable but still can make good gains on nat gas hedges now. crescent point has also said it has growth its asset base enough and will shift focus.
one thing to note is from the slide deck we need to focus on what spyglass will be going forward. all 3 companies are at different stages of production, debt, cash flows, dividends so to judge them on what they did last year is unfair. charger bought the best oil properties so its in debt a little more and had to burn capx to get production up. pce took losses on nat gas prices. avf also took losses on nat gas hedges.
nat gas looks like it has bottomed and stable. which is good for spy going forward and light oil production as our focus we can cut costs and hedge up.
if we look at spy going forward as 1 company it will become alot clearer. its all in the slide deck.