RE:RE:RE:Dale is speaking today - AGAINHi Touchdown,
I will try to answer your questions.
1. page 18 of the Q2 earnings report shows a list of all the hedges line by line. By glancing at them, it seems like Q4 production is hedged at around $2.50 / GJ.
2. The June 2021 corporate presentation was saying that 55% of 2021 production is headged at $2.48 / Gj. Q3 production was very heavily hedged.
3. I would say about 50% of production in Q4 is hedged at $2.48
4. Right now, AECO is all over the place. Spot is above $4 and futures for the rest of 2021 are close to $5.
https://www.gasalberta.com/gas-market/market-prices
https://www.psac.ca/business/marketstats/
1,500 barels of Condensate are hedged at C$61 when it is now worth C$100 on the spot market.
Crew is bringing a number of wells into production in Q4. I hope none of that production has been hedged. They are talking about having an average Q4 production in excess of 30,000 boe/d and an exit rate of 32,500 at the end of December.
TouchDown12 wrote: Yes gonatgasgo - i listened as well and that is what i got out of it. Question - he said that hedging is at about $3.05 mcf CDN at 35% for 2022. How bad are hedges (relative to spot) for Q4'21? Just checking. TD12