RE:RE:RE:BIDS are stacked! She's ready to run. Regarding hedges...
NuVista continues to benefit from the discipline of our strong rolling hedge program during this period of volatile commodity prices. We currently possess hedges which, in aggregate, cover 57% of projected 2020 liquids production at a WTI floor price of C$77.24/Bbl and 46% of projected 2020 gas production at a price of C$1.90/GJ (hedged and exported volumes converted to an AECO equivalent price). These percentage figures relate to production net of royalty volumes and the hedged amounts are weighted more heavily to covering summer months, leaving increased floating winter AECO exposure.
True liquids are in the toilet for a few months but estimates for Q3 + Q4 float around $20-30usd = $30-40 CDN.. not good but not sustainable. the bigger story is aeco forwards are up 30-35% and continuing this trend up as oil peters down.
regarding credit available - Nuvista has ~$240MM available.. not including what might be a $100MM top up from the EDC program. No issues here on liquidity. NVA is getting ready to make big gains.