RE:RE:RE:RE:RE:RE:RE:AECO spot and futures, due to protocol changeMy point was, the HH hedging losses could be capped here, if AECO is also hedged here up to the currently planned volume. Then if AECO goes up further from here, CAPEX and production can be ramped up. And if not, at least the HH hedging losses would be covered by AECO netback.
As a matter of strategy, seems PEY is switching from hedging to modulating production volumes and plant utilization and possibly storage. Probably not a bad aproach, given PEY is pretty nimble.
To which, anybody know what the status of Sunny is, currently? Is it ready to go, or just a pipe dream, so to speak?