Ann: September 2023 Quarterly Activities Report, page-9

There's definitely a scale premium that needs to be paid for RED.
RED has way more efficient processing infrastructure than WGX and they have less pits and plants to manage/staff.
When hedges are paid down in full this could be a cash generating machine.

What do you think of the potential chance for a RED SLR merger Spec?
RED has the long life scaled up asset, SLR the cash.
They combined entity could use cash to immediately cover hedge book then it's off to the races we go.