RE:RE:RE:RE:Alberta Natural Gas PricesI suppose they could hedge another 25% of their NG volumes in 2023 at excellent prices given the strip. Presently they have approx 40% of their 2022 gas hedged around 3.80 and approx 30% of 2023 gas hedged around 3.75. Those are the top end of the hedge collar prices. Much will depend on how productive the two newly drilled wells are.
Buyreallow wrote: Yes, its a shame, but was forced on them by their bankers. Bankers are bankers, not hedging professionals, but they were looking after their own interests, not PPR's. However, not sure how, but they have made some adjustments to their hedges so as to improve the impact on their results, and they have a bit more unhedged oil. Now if we can just find another 4 or 5 hundred with the drill bit, we should recover financial viability. Q1 results will be a start, Q2 should answer the question completely.
Now get the NAFTA case settled, and we are golden.