RE:Nuttall DetailsThe marcelous gas represent an amazing cash cow, that no one saw coming. While the company consolidated and expanded it foot print.
The bakken at 200 MMcf a day, and 5 dollars U.S. gas in a 91 day quater
200/6 is roughly 33,300 boe a day of dry gas production at 30 US a boe that is roughly 1 million dollars a day U.S. from that production or 91 million U.S. for the quater.
Roughly 110 million dollars Canadian.
Non Operated, cheap to produce gas.
Marcellous
The second quater 2021 the average prices for natural gas was 2.83 U.S. now the average price is something over 5 dollars U.S a mcf from the marcellous. This is all unhedged. So this is going to be a big surprize to the upside for Q3 numbers.
The are going to get double they typical returns on Marcelous Gas, and it is all unhedged.
IMHO