RE:RE:AECO spot and futures, due to protocol change just a point on turning on the spigots..
peyto cash break even is at 90 cents and all-in cost at about 1.90 - most other producers in the region don't come even close to that, despite higher NGL content, and with NGL prices weakening, IMO PEY can put the rigs to work at lower prices than most, certainly in Alta; so if AECO firms up some more, as it has already, then PEY can drill for profit, while most others would still be losing money on dry gas, so I'm guessing if we get AECO at $2+annual avg, I don't see anybody bumping up production, certainly not in the basin; sure, it's survival mode, even at those prices, but I don't think we'll get much volume uptick until AECO averages 2.50, unless conde goes back to last year's levels; with conde at $50usd, even TOU and VII are barely squeezing out a profit, with Henry prices being as low as they are; so again, I think PEY is best positioned, if this trend of lower eastern prices and higher AECO persists, as long as conde stays where it is ...