Post by
barneyj44 on Jun 10, 2024 11:41pm
Natural Gas is back to $3
Should add nicely to Whitecaps bottom line....meanwhile getting paid a nice monthly dividend.
Comment by
meritmat on Jun 11, 2024 12:14am
Means nothing spot price for Canadian producers is around .80 cents Granted I'm not sure what they have hedged https://www.gasalberta.com/gas-market/market-prices
Comment by
barneyj44 on Jun 11, 2024 7:28am
Once Lng Canada gets up and running pricing should get closer to Nymex.
Comment by
meritmat on Jun 11, 2024 8:05am
God I hope so. I work in the industry and I have a third party shut in gas because of poor pricing. 2025 can't come soon enough
Comment by
barneyj44 on Jun 11, 2024 8:35am
Meritmat thanks for the .80 cent Aeco heads up .I didn't realize how low it's become. Does Wcp sell out of any of the other hubs like Dawn etc. that get better pricing.
Comment by
meritmat on Jun 11, 2024 11:57am
Ya I'm not sure how that works. I'm told the large producers can get better contracts with a higher price....but you need to be able to supply the gas or you pay the diff
Comment by
baranja on Jun 11, 2024 3:16pm
That is the result of having one single customer only, who sets it own prices of your own commodity, takies it liquifies it, and sells it to Europe as his own "domestic" NLG for 10 times more.
Comment by
meritmat on Jun 11, 2024 5:19pm
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