RE:RE:RE:RE:Natural GasNot b*llshit...having a fasle narrative doesnt help when reality eventually comes around.
This is aeco prices:
2017 2018 2019 2020 2021 5-Year Average
Average AECO (CDN$/GJ) $2.04 $1.42 $1.67 $2.11 $3.44 $2.14
Those numbers are real....well out of a Birchcliff presentation so assume so.
In each of those years same people would get all excited after hurricane or some temp spike.
Saying this time was different.
Nothing has changed...NG is easy to find and produce in Montney. Game changer. Marcell could do more but pipeline space by 2023.
Every Montney well seems to be 6000-9000 mcf a day this winter.
I had hope aeco would stay at 4-4.50...as not too drive a tunsami of new supply.
Companies like Birchcliff and Obe hedged NG at the prices they did..for a likely good reason.
So easy for Alberta too become oversupplied without that much more drilling.
About 200 more montney wells a year would be big trouble..as only so much pipe put of alberta...
TheRexmember wrote: I call bullsh!t once again.
Kavern your grasp of the big picture is debatable, but seriously who cares anyway? This is a small cap stock with a market cap under 1 billion. What they do on a corporate level is far more important than macro economic issues.
Yeah oil prices go up and down.
this is a cheap stock, in a cheap sector with an expensive commodity.