RE:RE:RE:RE:April markets Rex...notice on pne investor presentation page 7 they do aeco price sensitivity from 2 - 3.5 aeco and the resulting cf and fcf.
ask yourself why...
due to the type of wells pne has..every 10 cent drop in aeco under say 1.70...will result in higher minus to fcf and cf as less and less pne wells cf positive as price goes down.
and pne can't shut in wells easy as them their well count of unproductive wells goes up and that isn't good for, regulatory aspect. Plus you still have property taxes and other expenses on a shut in gas well.
This is a mess.
this weekend has been brutal for ng as well. High renewables and high storage builds everywhere