RE:RE:sobering reality for AECO pricing right now...- and BEFORE you ANSWER, THINK
- NG production (especially DRY GAS) is RELATIVELY EASY to THROTTLE OUTPUT compared to crude oil production (especially SAGD)
- the HIGH NGLs-RICH producers are a RESILIENT {possibly GREEDY ?} BUNCH who have a MUCH-HIGHER THRESHOLD to ABSORB DEPRESSED NG prices
- MANY are LOCKED IN with LONG-TERM SUPPLY CONTRACTS
z173