Post by
maramos98 on Sep 01, 2021 2:49pm
AECO Gas Price
PPR making decent cash on unhedged gas at the moment.
2021 Guidance from June Presentation:
"Assumed the following average 2021 commodity prices: WTI USD $61.50/bbl,
AECO $2.80/mcf, MSW Diff of $7.00/bbl and WCS $16.00/bbl and USD$1 to CAD$1.26, 2021 capital program and ARO expenditures are expected to be fully funded."
Change in AFF per AECO C$0.10/Mcf = 200k
Per presentation, approximately 40%+ of gas production is unhedged for remainder of 2021.
Comment by
maramos98 on Sep 01, 2021 2:52pm
Forgot to add that AECO gas averaged $3.32/GJ in August and $3.25/GJ in July
Comment by
Justhalffull on Sep 01, 2021 3:27pm
And Aeco Sept gas right now is $3.66 GJ
Comment by
filefish on Sep 01, 2021 4:14pm
its all about unhedged production volume and right now they dont have enough production to make a meaningful dent in the $115mil+ debt, even with the current prices . I am not counting on a significant NAFTA settlement, but this appears to be their only way out a perpetual merry go round to nowhere. These points have been made over and over..
Comment by
maramos98 on Sep 01, 2021 4:20pm
or they get bought out...
Comment by
filefish on Sep 01, 2021 4:37pm
IMHO, highly unlikely given all of the other potential acquisition targets on the market now. Name an oilco in close proximity to Princess, Michichi lands with the financial wherewithall to buy them? The properties are not exactly top tier . None the less, we continue to wait and hope for some kind of miracle.