Post by
sportstermathew on Mar 25, 2021 9:42pm
So now we wait
We all know prices can't go straight back up so there has to be some push and shove along the way.
Months ago we mentioned that prices of NG and increased production were the two things to get us moving upward.
Almost the end of the first quarter, good news to come soon for the first quarter. Most will be known ahead of time as few surprises with Peyto like the $35 million purchase.
2nd and 3rd will wind down most of the bad hedges and smooth things out.
As long as interest rates don't bounce up quickly, and costs of drilling don't start to seep in we should be in a good part of the river going forward.
We need ever increasing FFO and pay down of debt to help get more investors on our side.
Comment by
sportstermathew on Mar 26, 2021 7:19am
Thanks for the info on recent drilling, I was fairly surprised how strong the number of wells drilled was. I would assume they can drill right to end of April? Drill while prices are high and return of initial costs to come back are faster. This pull back may make some in the US think twice about drilling in uncompetitive areas.