Post by
jleer42 on Dec 19, 2022 12:48am
November Update out
November update is out. Net surplus is down 5M to $1.9M. Not the best, commodity price being the issue - no surprise. Some positives are they are putting about 170bpd into inventory so future sales will benefit, 2022 well program is done, and production will increase going into 2023.
I believe WTI is going up and WCS spreads are going down. If this doesn't happen it will not be pretty. I expect to see some downward pressue on the SP, I might put in some bids depending on what happens.
https://gearenergy.com/wp-content/uploads/2022/12/2022-November2.pdf
Comment by
navajojoe on Dec 19, 2022 9:15am
This post has been removed in accordance with Community Policy
Comment by
masfortuna on Dec 19, 2022 9:41am
try reading the NR for November. 5 million + still in surplus. Not accurate at all and just spreading FUD as usual.