Post by
Sogosohubidu201 on Nov 09, 2024 2:21pm
Q3 earning report improvements
Q3 compared to Q2, revenue including hedge gain was decreased by $3.05 millions, but operating costs were down by $14.5 millions because of shut-in of 9,370 b/d of high cost dry gas production. The net gain by shutting in was $11.45 millions. The shut in made big difference Q3 vs Q2. This resulted in big improvements of Q3 over Q2. With Waterton maintenance turnaround completed in October, almost 100% hedge in current production gas at $3.32 until the middle of 2026, and no more facilities maintenance required for 5-6 years, PEA.TO is in a strong position financially even at weak AECO prices near term. AECO prices will rise big time when LNG Canada delivers full production next year, and 100% sulfur sold at spot prices from January 1, 2026; shareholders of PEA.TO will be rewarded handsomely. Be Patient. Next two years will be big for PEA.TO.