RE:RE:Q1 Resultsdownwithdotcom1 wrote: Dude, look at the cup half FULL..company has one of the better hedge books that kept them in profits this quarter. The deferring of the bottle-neck and furthur drilling makes sense in these low nat gas prices. AECO was $2.50 GJ and now its barely $2..just too much nat gas out there..
On another note, what's this about SHELL providing ammendments to PEA?? why would they do this when they're buying 80% of PEA's sulfer for $5 - 6 a tonne until end 2025??? dwdc
I'd be pushing shell if I were alfie. I'd tell them no thanks to the $5-$6 sulphur price. I'd let it pile up in the back parking lot for 2 years if I had to. Why would I sell at cost? Or less than cost? Or even barely over cost when I can stockpile and sell at 5X or 10X that price. There must be a futures market. If there isn't some enterprising trading house must want to create one with profit margins of 5X, 10X, or more. "Sorry Shell, sold out".