RE:RE:RE:Q1-14 Cash Flow Estimate
a couple of points - spot nat gas price spiked this quarter tremendously @ various hubs - DAWN, HENRY, NEW YORK GATE and even AECO . as this is one of their largest input costs and that they are totally unhedged, there might be an upward variance on costs per bbl . i also caught a snippet on price received per barrel. apparently, nominations take place monthly on pipeline space which can have a material effect on this price. Q4 actually surprised on the somewhat lower price received as compared to 1st energy SSB prices. we will see if this was a factor this quarter. dwdc
p.s. BMO raised their 12 month price to $25...