RE:RE:RE:RE:RE:Peyto Delivers Strong Reserves Growth In 2023A few months of sub $2 pricing doesn't impact the value of the PDP reserves to much. Whether a company that is unhedged like BIR loses $50-100MM doesn't cause it to lose multiples of that in market cap.
The back end of the curve is surprisingly strong. In the $3-4 range. The market is expecting to starve companies of Capex and for production to fall leading to a balanced market later this year into the face of a LNG startup surge. A drop of 1-2 BCF/d would do wonders for the NA market.