RE:RE:RE:RE:Condensate remains at a premium to WTIskiptoggle wrote: But they aren't resulting in extra cash flow. Those numbers are baked in already so there is no net new money to invest or pay down debt.
Don2018 wrote: skiptoggle wrote: Actually 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.
Yes, but the first 2 are above the present price, so my numbers stand
Actually Skip, the numbers aren't already baked in, they are guaranteed. When Don is talking extra income, it is over the model prices of $70CAD condensate and $1.70CAD AECO gas in the presentation, that is what is baked in. True prices could go down but they could also go up, I'm skeptical that WTI will hit $70US any time soon but I'm bullish on gas after 2020 because of all the LNG plants and the new gas cogen plants being built in the US as well as all the coal fired plants switching over to gas.