Post by
kavern23 on Dec 29, 2021 11:55am
Aeco Spot prices...
F*ck yeah...Aeco spot prices are up to 4.81 a gigajoule versus 4 bucks yesterday.
Also supposed to be -30 in alberta early next week as well.
Beautiful...the west ferrier wells should be peaking with gas in January for these lovely prices.
All 6 of the west ferrier wells drilled this year are very strong NG producers as well.
I also don't think "freeze offs" on the wells will be as bad for YGR as compared to other companies.
YGR seems to be such a small tight knit company of employees (most are shareholders) that everyone in the company will be working as hard as possible to ensure things are running smooth through the cold.
Even if this cold causes any freeze offs...the price gains in NG outwiegh any production losses.
This cold snap will really help the whole hedging 2022 NG curve.
But a company like CNRL that uses alot of sometimes green well contract operators...I would take YGR employees over that in cold weather.
YGR also likely owns steam truck in the services divsion. Even owning their own grader is so helpful. Dont have to rely on others...espcially in -35 weather.
Comment by
Overertune on Dec 29, 2021 12:19pm
Does ygr hedge gas prices?