RE:RE:Conf call TranscriptIt is rather an aggressive target and might be overkill.
Also, to be achieved, natural gas prices strip need to stay at current levels (or higher) during summer months, and capex would need to stay on the low side of the $350-$400m range.
A 1.2 ratio would be a great target to aim for the end of 2022 and place them in a much better position to proactively deal with an unpredictable environment.
I raise my hat to Darren for having changed his position in the way to deal with environmental issues. Instead of being on the defensive and fighting against the trend, he seemed to have adopted a more proactive approach to bring Peyto has an ESG leader among the fossil fuels producers. Imo, investing to minimize pollution is worth every dollar. It is all a matter of choosing the right fights instead of having them imposed.
On an other topic, I did not quite understand how the selling price will be determined between
Peyto and Cascade. Is it fixed price, market price, AECO daily, monthly?
Anyone on this?