RE:RE:About Peyto's forward salesMr. Momo, you are looking at natgas spot price and might be missing the big picture, imo.
From what I see, Peyto will have a minimum of $400m of very lucrative liquid sales in 2024.
Add 459MMcf/d fixed at $3.93/Mcf (70% of forecasted 2024 production) or $658m, it
adds up to $1B+ in sales for 2024.
Your are left with 30% of unhedged production to be sold at spot prices to various NA hubs.
Simulate average selling price of $2/Mcf for 200mmcf/d gives $146m in added revenues.
My guess is FCF available will cover dividends and reduce debt by $125m during 2024.
The only risk I see is if JPL goes all out on capex to increase production and selling hedges under $3/Mcf. I obviously can't bet on this....
*** All these amounts are in CAD, of course.