RE:RE:RE:Scotia Confirms January 2022 Petrinex Data! Production up!The mixed sports metaphors, I can't handle it Touchdown.
January/February are likely to be peak flush production from the winter drilling program: good timing on the pricing. Production will drop in Q2/Q3. If $90+ WTI holds I'd expect to see some acceleration of capex for the second half of the year.
The conservative guidance from last year ($60 WTI and actual production from new wells outperforming type) may have shot themselves in the foot a bit. They are concentrated in two very attractive regions right now (BXE and Inception/Velvet's Gold Creek) with optionality at Karr/Simonette/Oak and are very cheap even to peers.
Bought back some that I had sold at 7.70 at 8.20 yesterday.