RE:RE:2023 HedgesYou so full of it, this garbage (Gunner) must be coming our of your ears!
ARX revenue per boe condensate increased significantly in Q1, and i posted previouly the impact of those hedges. However most analysts will not change a rating or project a change until they see it in black and white, when the Q1 results come out.
I already know that ARX netback per boe before this hedging rolloff was significantly more than TOU, however after this quarter it will be significantly more.
The problem is what is ARX?
If you look only at Kakwa that is more than 1/2 of their production they are a liquids rich company with more than 58% liquids and the largest condensate producer in Canada. (Liquids rich Montney Player)
If you looks at them with respect to everything else they are pretty similar to Tourmaline. (Gas with 20% Liquids)
So ARX being 40% liquids has way better returns than gas producers, expecially since gas is so easy to bring on, and the producers essentially ruined the market.
ARX is now trading at 1/2 price and should trounce TOU interms of FCF in Q1, (for gunner) when the earnings are released. Gunner you hang on my every word, to bad you can't think for yourself.
IMHO