RE:RE:RE:RE:RE:RE:From RBCLet's not forget, oil prices fluctuate and so are E&Ps. Got used to it long time ago and either ignore or trade. The current WTI range of $80-$90, or one can expand it to $75-$95, is very good for the industry and I doubt it will break the floor anytime soon. Not betting on geopolitics but the current unfortunate events are very supportive of the price.
WPC is about 35% natural gas, courtesy of XTO acquisition. With subsequent increases in gas prices it will generate a lot more free cash than in Q3 when gas prices were low. Especially, the ridiculous low seasonal AECO prices. Will that ever end? Hopefully, with NGTL 2021 expansion project scheduled for completion in Q4/2023, and other projects, unless blocked and delayed by the federal government.
I'd probably buy more today but run out of cash chasing other E&Ps. Love them all.