Post by
kavern23 on Jun 25, 2024 11:42pm
Wonder why…
Kinda weird that companies are not more active on the acquisition front...quite slow for deals in Canada but wonder why companies just dont buy boe's and then hedge aeco ng for over 2.50 (while they can as market conditions don't worsen)aeco 2025 price have already dropped alot in last 30 days..just have to ride it out until fall and then hedge anything buying at 12000 per barrel boe or under.
Key question is how easy or much fees are attached to entering into new energy future contracts.
I think companies should be hedging anytime can get an average of over 3 bucks a gigajoile in forward tears and 4 for sure. The shoulder seasons for ng should have hedges.
Obe is one company doing lots of forward ng hedging and working so far, hard to disagree with.
Inplay oil just spudded a belly river and no Willy green Carey drilling for them with current aeco spot,
If a company chooses not to drill the pdp reserves start going down pretty past for alot of these companies.
Comment by
pennydredful on Jun 27, 2024 11:43am
NO money from banks . One needs to put up margin for hedges, Prices for equity may be viewed as too low. Outlook may be considered uncertain