RE:RE:RE: With heavyI am suprised you just didn't go the CMHC route. The divvy on the stock would pay your premium in a year. Other option would have been pulling cash out of your account and paying margin interest. With IB the rates are around 1% interest.
With with the 2023 Winter curve moving up to $5CAD/GJ... PEY has the opportunity to cash in on the current run. If they start layering on winter hedges, they could average north of $4CAD/GJ. mid-2023+ is still looking pretty light with pricing at $2.75CAD/GJ or close to $2US/MMBTU (Real crappy). Still good enough for PEY to make decent money though.
This will likely turn out to be a very expensive money.