RE:RE:With prompt WTI pushing $30 again, this has to be welcomeThe reason I warn investors against investing in Peyto, despite their high quality assets, is that investors can be assured that at any given fork Peyto will come across in the future, they are going to take the wrong road.
It's as simple that.
In the last 3 years there hasn't been a pot hole they didn't hit. Why would you invest your hard earned money with a management team with such track record? There are better smart people in the industry. Give them a chance and see what a difference that makes.
Yasch22 wrote: During the conf call, Gee said Peyto hadn't yet put any NGLs at all into storage, which I thought was unusual, but hopeful at the same time. You'd think the price was bad enough in April and early May to keep at least a few thousand bbl out of their feed to NGTL, but Gee said they were able to market all of it. Maybe he's thinking that the situation could get so dire later on that PEY will be happy to have all 80,000 bbl of storage available. They might even offer a bit of space to other producers. _____________ Peyto might catch another lucky break or two before Q2 is done with. They've already got about 15 percent of their C5+ hedged at a great price. A spike in WTI through June would be sweet.