RE:AECO problemI wonder why YGR doesnt hedge more NG right now when right now n oct 5.94 aeco and peaks at 7.53 a gj in jan. Then march 6.08. 6 months. I get the logic of never hedging much at 4 or 4.50 a gj...as giving away upside on any ng supply disruption in gulf but I think hedging at levels over 6 dollars a gj is different then at 4.50 as a person can logically assume production will rapidly increase the linger ng is ever over 6 a gj. Aeco staying at 4-5 is much better from perspective of preventing an oversuppy.
That Kitmat LNG faculty is a few years out yet from running and ng is very land locked on any production increases. we cant see crazy growth in 2023 on alberta ng production as an industry.
Sadly if a downturn if happened their is still some canadian drilling companies that may not make it. Balancesheets are still scary for any of the struggling ones that were stuggling pre covid even.
kavern23 wrote: Canada exports were 6 bcf to USA and since AECO crashed, Canada exports have been 4.5 BCF to USA. So it tell a person that compressor or turn around is happening to an export pipeline right now.
Nothing to worry about, in ten days tops this maintenace will be done.