RE:RE:RE:Sustainable dividend at FFO of $166m/q in 2023?Yasch,
Thank you for response and I fully agree with your identification that "both of us are conducting a thought experiment, where our average revenue units are merely reference numbers."
I share your expectation, expressed in response to poster colleague Houbahop, that "Peyto's interest expenses will stay the same or go a few pennies lower by the end of 2023".
Our shared utility of Revenue units simplified reference number approach, is demonstrated by your example...."Assume $2/mcf (and as you say) " Not good! " An additional perspective on this simplified-picture-thinking is that existing Peyto hedges for 2023 make $2/mfc NGas average realized 2023 price, not actually reasonable.
Acknowledgement on a "mind-warp error on my part: My $1.2 B for NGas was in gross error arising from an obviously inappropriate use of the 10000/6 factor for unit pricing going from BOE to mfc, THEREFORE my NGas Revs at $3/mfc in 2023 should have been $721 million
Hope that this simplified reference thinking can be useful in comparing 2022 to a range of assumptions for year 2023 combined with company published Hedging and dividend,
Peace,
Good Decision-making to All,
ElJ