RE:RE:Solid quarter; Scotia agrees, $22 target priceI might be wrong, but if I recall, Scotia (and many other analysts) have target prices above $20 since 2022. Everybody can be right on their price targets. But timing for the realisation of these claims is another story.
Peyto had hedges for over 60% of their 24'Q2 natgas production at $3.58/Mcf.
Peyto average selling price for Natgas in 24'Q2 was $2.50/Gj or $2.88/Mcf.
40% of their 24'Q2 production net $1.83/Mcf.
Same numbers should be expected for 24'Q3