RE:And don't forgetTechnically that is true but as stated by management they will continue to hedge so we can't rule out a strategy of trying to hedge ~50% of production as it ramps up. Obviously any new hedge contracts would realize the higher (or lower) commodity prices at that time.
Higher Condensate and Nat Gas prices are always good for PIPE, the energy industry in general and Alberta. I will cheer prices as they go up as it does add to the value of PIPE: we can all agree to that.
FYI My level of knowledge on impairment is limited to remaining below .05% BAC.
cheers everyone!
Don2018 wrote: as we continue to ramp up production next year, these hedges become a smaller and smaller percentage of overall volumes.