GREY:BXEFF - Post by User
Post by
RichyRich$on Mar 09, 2020 1:43pm
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Post# 30784139
NATURAL GAS NOT AFFECTED BY OPEC
NATURAL GAS NOT AFFECTED BY OPECIt looks like we're in the right commodity. US NG is still holding ground and even in the positive today while Oil down 30% the past few days. AECO NG is still very high around $1.70. MJ... Bellatrix does not need to hedge NG because the plan is to just sell through Alberta AECO NG now. AECO NG has been high for the past 6 months and is forecasted to remain high because of more storage facilities and In a few years the LNG Pipeline to BC Coast will take over. They made the right move to sell AECO NG and not hedge US NG. The hedges would not be favourable for U.S. NG. I believe they still have hedges in place for Oil though. Which is a good thing with this OPEC issue now. The good thing is that Bellatrix is 30% Light Oil and 70% NG. So we won't be affected much by any temporary Oil price war between Russia and Saudi Arabia. The Annual report with updated total reserves should be out this week. We will know more after that comes out!