RE:Condensate remains at a premium to WTIActually according to their presentation they are hedging 3245bbl/d at C$79 per barrel, 615bbl/d at C$81 and 1750 bb/d at WTI les US5.37. So condensate market price has no effect on the first 5600 bbl/d for 2020.
Don2018 wrote: Closed at $77.48 Can yesterday.
That is $8 above the price used in their guidance, which would add another $17.5 million to their cash flow.
And natural gas is about a buck above guidance, which would add yet another $17.5 million.
That is $35 million more to drill wells to increase our production. That ain't chickenfeed!