Gas price is approaching $4.00 With a cold snap setting in down East and as Natural gas approach $4 dollars, it looks like we are heading towards the perfect storm.
https://www.naturalgasintel.com/data-snapshot/daily-gpi/CDNNOVA/ It looks to me that POU gas is pretty well unhedged unless they piled on a bunch of hedges since the last report in November. Peter in their forecasts suggest $2.60 gas this number could be significantly higher, The spot market is apporaching 4 dollars, and the weather forecast for the next two weeks looks cold.
This could have a great impact on POU and yes again a reforcast with now higher gas prices. Natural gas at 4 dollars could have a significant impact on FCF and make a lot of economics work a whole lot better.
POU is way to cheap and is the best of the best energy companies in the Canadian market place. more cashflow and a quick rampup at Karr with all the extra cash going to Karr and Wapiti, that is my take on the amazing situation.
POU next week I see a huge huge gas draw, and oil on its steady march to $60 dollars WTI.
IMHO