Wapiti production currently worth $81 boe, Big Bucks.
Wapiti has been a challenge from the get go for POU because of it significant liquids content, but mostly because of the Keyera Wapiti plan reliability. That is all behind us now.
Wapiti Looks like this.
Prices
Gas 37.88% $5
Condensate 56.72% $122.5 Oil 92.5 WTI + 3 dollars condy premium
NGL's 5.39% $30
Each BOE of production is worth 81 dollars/ boe
Operating costs + Transportation + Royalities = $14.25+ $5.09 $3.5 = $22.84
The will make the netbacks of a wapiti boe in the 58 dollar range for Q1 2022.
This is more than 50% higher than in Q3 2021.
2022 produciton forecast for Wapiti is to produce 22,000 boe a day.
The netback of Wapiti alone would be
22,000 boe/day * $58 boe/netback * 365 day = 465 million dollars.
These boes have about 3 times the returns you would get from dry gas.
Another winner for POU and another 25 years resouce to pay sustainable dividends.
IMHO