RE:RE:RE:RE:Divvy: not sure what's expected but likely between 1&2 cent Rex...this is Russia fault...but Natural Gas markets are going to be destroyed for quite a lengthy time.
I called it when Russia went into Ukraine and it spiked NG prices to high levels...this is BRUTAL in medium and long term for NG.
Specualtors sent a price signal to get producers to over produce.
But lots of people only saw it through their own personal lens of making more money..human nature...greed.
A quick turn around is not going to come to NG as natural gas wells hold production at fairly high levels for so many years. Not like oil wells that decline so fast.
Ovintiv is going to go after more condy wells in Montny that produce 10 mmcf instead of 35.
But the problem is those 10 mmcf will decline to 2 mmcf hold at that for a decade easily. Thats still a huge well compared to what companies are doing in central alberta.