RE:AECO Gas Price its all about unhedged production volume and right now they dont have enough production to make a meaningful dent in the $115mil+ debt, even with the current prices . I am not counting on a significant NAFTA settlement, but this appears to be their only way out a perpetual merry go round to nowhere. These points have been made over and over..
maramos98 wrote: PPR making decent cash on unhedged gas at the moment.
2021 Guidance from June Presentation:
"Assumed the following average 2021 commodity prices: WTI USD $61.50/bbl,
AECO $2.80/mcf, MSW Diff of $7.00/bbl and WCS $16.00/bbl and USD$1 to CAD$1.26, 2021 capital program and ARO expenditures are expected to be fully funded."
Change in AFF per AECO C$0.10/Mcf = 200k
Per presentation, approximately 40%+ of gas production is unhedged for remainder of 2021.