RE:RE:RE:Shorts DecreasingYou are way off with your numbers. They hedged out higher than that for 2023.
800k / day for Sunrise pays for eveything.
292 million in 2023 pays for cap-ex and expansion and try to remember without Sunrise they don't really have that 100 million to spend. It earned three times that last year.
GLTA
MyHoneyPot wrote: Good thought, but still all the gas hedges require money from the bank to pay the losses. AECO
200,000 Mmcf at abour 2.40 Canadian, really is not a money maker, and i am not sure sunrise can even break even at this prices if the gas goes through it new plant.
Gas Hedges are dismal and even at these low gas prices they don't provide a floor, what was management thinking? Do accuse them of that....
ARX wastes so much capital, its pathetic display of rookie management the first time Terry is a CEO and the first time Bibby the accountant is CFO.
You need to have business skills which are very lacking in those two.
IMHO