RE:RE:RE:RE:RE:As expected......SAVED by Repsol...!!!If they keep the capex program around $450m for 2024, there won't be any debt paid down in the next two quarters.
Imo, they should reduce it closer to $400m.
There is no value in selling gas from new wells below $2/Gj.
But there is good value in paying down debt.
Not the first time Peyto is in this situation. Unfortunately, they have shown they rather spend crazy on capex in low commodity environment instead of slowing the pace until better pricing.