Thanks GONAT, nice find. Where is that data from?
I have summarized it in a table and it appears that if Crew averages 115 MMcf/day in 2021then these hedges would represent 20-30% of their production. From the Q2 2020 Financials they state: "Into 2021, based on current forward pricing, our estimated weighting is expected to shift to approximately 32% to Chicago, 15% to Alliance 5A, 46% to AECO 5A and 7% to Station 2."
Do you happen to know the transportation savings that they will realize by not having to deliver this gas to the US markets? I am trying to understand their decision to commit 46% of their production to AECO 5A.
Volume (gj) 2021 $/gj
35,000,000 Jan - Mar $2.54
25,500,000 April - June $2.12
5,000,000 April - Oct $2.35
21,500,000 July - Sept $2.19
19,000,000 Oct - Dec $2.40