RE:UsuallyBoy I sure hope Shenty is right.
But can we all survive six to eight months the way things are going lately.
Pluto may turn left right into Earth.
One thing is for sure if anyone is reading this post.
Even with hedges, currently reducing, but the prices obtained over the next 12 months if you look at the futures of NG, the demand for LNG taking Russia out of the equation. NG is not like oil. The numbers have to be GREAT as Tony would say for the next four to five quarters if not for a long time.
I would not blame Peyto for taking 100% current production into these prices locked in.
New production then would be as it comes and the prices at the time.
Like Gee said there are always issues where with AECO you have to at least keep the lights on and do some business with them just in case. It is not always as clean cut as most people think.
I have been really optimistic about the 1st quarter numbers, one week left and still producing higher numbers into April it seems.
We will start to hear in four weeks or so from the larger companies and this will in turn start the ball rolling. The 1st quarter was hit with a war, Interest rate increases, more covid issues and so on.
It is the price of NG, their production, efficiencies, deals that interest me. Even though I may get excited about the price on any given day that changes all the time.
Remember there are still investors with $20, $30 and $40 cost prices involved here and they would love to see most if not all gotten back. Anyone that has these costs I would assume has averaged down like I did. One account was $9 approx so just starting to get out of the woods.
Take a deep breath. We are mostly friends here.