Dutch Gas Back at 40/mhzI wonder when the market will wake up and understand this is not an oil story... its a european has story which will make up 90% of their production! Europe gas up 3% today and back over 40/mhz. Oil down 3% but who cares? TNZ is getting lumped into the broader energy market.
I continue to expect the final purchase price for these assets will be next to nothing if gas continues to trade up. Another 1 euro deal for Tony and team and this time for 11k boe/d would solidify TNZ as the GOAT.
From research capital "assuming a EUR10 per MWh shift in TTF pricing holds, that would be about C$4.40 more per mcf, which after tax and hedges would be an additional C$10mm by year end and C$21mm by deal close (just for the newly acquired assets), reducing the debt required to close the deal by nearly half."
GLTA