No Hedges = Oil > 89 WTINVA is pretty well a debt free company, and with zero of it valuable condensate under contract, they are making money hand over fist.
Trudeau is doing a good job for us and today the Canadian dollars is under 93 cents U.S. $ .729 at the time of this post.
So $89 WTI = $92 U.S. Condensate or /.729 = $126 dollars a Boe Canadian.
So this sounds like a good formula for record cash flow.
The challenge that exits today is that you can hedge oil out a year, and receive an average of over $85 U.S.
NVA i am expecting a big surge in price, and once we get a sniff of Winter, gas prices will jump as well. Mike Rose on bloomberg said, that gas production and demand are currently pretty well in balance.
The market looks a bit broken these days, but NVA is going to have a blow out Quarter.
IMHO