So Frustrated
Me venting for this month, and then I will be quiet.
Henry Hub for June: $2.69
HH for July: $2.86
HH for Aug.: $2.91
AECO, well just barely above $1.
WTI in C$ over $100.
And Crew, oh well, $4.38. Why is that? Well, instead of drilling for condensate, they decided to electrify their plants for $80M. No growth, no money left and the Line of Credit is at $150M. Others seem to be able to either grow and/or pay a dividend. Interesting at a time when Crew's corporate presentation seems to show they are one of the low cost producer in the sector. We are living on "hope" that things will be better down the road.
Thanks for listening.