RE:RE:RE:Q3 Not surprised by debt increasing to finance dividends.
Not surprised to see they are going all-in on capex despite natgas prices in the hole and hedges being sold at much lower prices.
What is the marginal selling price they receive after curtailing production?
What was the average selling price they receive from Cascade?
What have they learnt from their past experience in paying dividends by increasing debt?.
Fortunately, good hedges for the next two years will prevent them from exposing shareholders to the risks involved with this myopic approach. 2025 looks pretty good, although it is supported by expectations of natural gas future prices increasing by increased demand.