RE:Polar Vortex? SSW?PNE will definitely be a winner in terms of AECO and Dawn prices thru oct, nov and Dec, while both in C$3.40 range) means they will have revs to SURELY MORE THAN EMULATE PRIOR QTR. So, can see them cutting debt in half or more after capex. I hope they forget any idea of dividend as such is immaterial to prospective sp movements in current environment. I mean what good is BIR's 1c div when they move multi cents up and down every day!
Monday's AECO 5A (which is major pricing component for PNE with hedges and utiliy supply contracts with AECO plus prices) was C$3.87 so we remain well above prior qtr's average price received. PNE will have lower finance costs but also showed decreases in per bbl equiv in transportation and SG&A last qtr to offset some of the royalty increases.
I reckon there was 60mgj unhedged at Nov 1 and remaining hedges remained attractive. They are also relatively low decline rates.
Hope PNE will prove all this out.