RE:RE:RE:RE:RE:RE:RE:AECO prices very firm "including removing the liquids hedging line??" Given the price of condy lately that is probably a smart play.
Given their hedging history it might be a smart play across the entire production line.
Now I know they have to keep a certain amount of hedging in place to satisfy creditors which is why paying down debt is so important. I also think they may have come out ahead in the long run with their hedging stratagy but, don't you think they should know for sure? Before the debt rolls off and they have the option they should put their own hedging numbers iinto a spreadsheet or two and try to figure out if they have come out ahead historically with their hedging stratagy or not. It would not only serve to reinforce their decision making processes for the future low debt (hedging not required) marketing plan but also reassure investors that they are taking the right course of action based on the numbers either way. If you don't know...you don't know for sure.
GLTA
MikeySwoosh wrote: wreckhouse wrote: Obviously lots can change between now and then though. At least Peyto should have some pain relief with the Cascade Power project looking for NG to make some steam end of summer . Was looking for updates but noting of real importantance was coming my way . BCRNW
As per their latest marketing report (which has changed quite a bit, including removing the liquids hedging line??), they suggest that Cascade power plant should be taking their gas in Q4 of next year.