RE:Analyst CommentQ4 should be good with prices obtained and new prodn going into qtr. Major gas price problem cud arise from Q2/2023 as we saw USA storage turn on a dime to bring above both 1yr and 5 year averages and NOAA is predicting predominant above average temps from about. June into winter.
Have to hope PNE got additional 2023 hedges in place after the Nov 9th (~date of Q# financials release) and PNE has done real well with hedge program. At that time tho' think only 17,500Mcf hedged.
Higher boe costs arose from higher %age oil prodn and be interesting what happens with royalties/boe. Still they save ~$900K/qtr in loan costs being debt free, and stated net cash of $35MM at Q3 end was inclusive of A/R and T/P.
Not too sure what capex spend is planned for 2023 or where drilling will be focussed
$9MM or so dividend costs/qtr and trust will be sustainable thu to next year despite what I state above though possibly little opportunity to do more than dividend...