RE:RE:RE:RE:RE:RE:RE:If ever there is going to be a buyout its now before hedging Why would I check your homework junior? You were SO WRONG about a company I do follow, why would I check your incredibly misleading , or not, allegations about a huge American producer and a small South American producer, like all South American producers, couldn't find a counterparty to write a hedge contract for oil produced in Columbia if they wanted to hedge. I'm still unsure if you have no idea what you are talking about or if you are completely purposely misleading. Maybe both? Tourmaline is VERY hedged. The hedge book is posted on their website. Here is the link. Again. https://www.tourmalineoil.com/wp-content/uploads/2021/07/Website-PDF_-As-of-July-14th-2021-BS-included.pdf
It goes out to 2024. It includes all hedges. Physical, financial, gas and liquids. Western half of the continent, eastern, northern and southern. I did notice you slipped in the 55% of western gas volumes in your second misleading post vs the first one which only said 95% of pg&e gas delivery is unhedged. Very misleading since their gas is delivered everywhere. So are it's liquids. So you backed off the misleading notion they are only 5% hedged. Better just back right off and stop making stuff up.
bosstrade wrote:
- Tourmaline is Relatively unhedged as I cut and pasted earlier. I'm sure you took the time to check out the others.
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- Natural gas fundamentals for 2021 and 2022 continue to improve. Approximately 55% of Tourmaline's natural gas volumes are exposed to spot prices in markets on the Western half of the continent (PG&E, Malin, Sumas, Stn 2, AECO) where fundamentals continue to be most supportive. Completion of the ongoing NGTL buildout and Canadian West Coast LNG are expected to further strengthen pricing at these hubs.
- 95% of total PG&E deliveries continue to remain unhedged for 2021 at a market where fundamentals remain strong.