Post by
maramos98 on Oct 21, 2021 7:44pm
PPR Gas Hedges
Reviewing the gas hedges listed on the last company presentation, For Q1/21 and Q2/21 all hedges were swaps at $1.71. Q3/21, two thirds are swaps at $1.71.For Q4/21 only a quarter are swaps at $1.71. For Q3 & Q4, remaining gas hedges are collars with a cap of $3.62. Should see significant gas revenue increases in Q4 due to improved hedge pricing. Also from the same presentation, $200,000 in AFF for every .10 cent/mcf increase (AECO)
Comment by
maramos98 on Oct 21, 2021 8:19pm
Reviewing the Q2 financial statements, the June presentation hedge info is a little outdated but the theme is the same, much better hedge pricing in Q4 and beyond...
Comment by
biggerr on Oct 22, 2021 4:26pm
If they show a profit in Nov., plus drill a few more good wells we could hit 50 cents like back in 2018
Comment by
Justhalffull on Oct 22, 2021 4:50pm
Not certain they will show a profit for Q3. Their Q2 profit was due to a $35 million impairment loss reversal. They likely won't have this again. But should be near even, so if they can show a nice jump in cash flow, which they should with higher energy prices, we should see at least 30 cents. Not sure 50 is in the cards, but I would take it.