Hedging Q3WTI = $70.55 U.S.
AECO = $3.60 Canadian
Nymex = $4.01 U.S.
Exchange= .78
Days 92
Royalities 10%
Oil 43,250 boe Hedge ($51.21 U.S) loss = $108,524,674 Can Includes royalities
AECO 200,000 MMbtu ($2.36 C$) loss = $ 25,097,600 Can Includes royalities
Nymex 415,000 MMbtu ($2.85 U.S) loss = $ 62,458,564 Can Includes royalities
Total Hedging Losses Q3 = 196,080,838 Canadian dollars
Loss per share 725 million = 27 cents
Loss per boe of production (335,000) = $6.36 dollars a boe.
Net Comodity prices after hedging - royalities
OIL = $44.16 boe U.S., $56.61 canadian =63%
AECO =$2.00 boe Canadian =55%
Nymex =$2.45 U.S. or $3.14 boe Canadian =61% (transportation not factored)
These are rough Q3 numbers and considering your getting 6.6 cents in dividends 27 cents a share in hedging losses is pretty expensive.
Q3 was 70.55 oil and the hedging loss including royalities is $21.27 boe
Quarterly hedging losses (Going Forward 2021 Q4)
80 dollars U.S. oil, 5 dollar Aeco and 5 dollar Nymex (q4 prices could be higher)
Heding losses = 320 million dollars, 44 cents a share, $10.40 a boe
This makes your 6.6 cent dividend look real good.
IMHO