RE:RE:RE:Conference callMaybe you should try other ones.
Clearly you can't stay with a stock more than five minutes.
Peyto is more clear than any company on anything they do.
It won't be all good news and the hedging is overall positive long term.
A lot of things are out of their hands.
They are trying to reduce GHG while at the same time increase revenues or decrease costs. This takes time. They are one of the best on abandoned wells as their wells never get abandoned or hardly ever. They have sole control over ten plants, great contacts with service and drlling rig companies, know how to reduce costs during bad times for the longer term picture.
I firmly believe this will be a $20 to $30 stock but not just as quickly as I would like.
I would be willing to put 100% into Peyto, and may do so if the equation gets me a certain # of Peyto shares overall.
Dividends will probably be increased next year to 2 or 3 cents, along with debt reduction while at the same time improving their plants, land and pipes along with 7% annual production growth.
This seems very reasonable as you don't want to go nuts, then the declines start to add up. You average in the low decline wells with the high decline wells. Sure they pay within a year or so at today's prices but most don't want to raise production too much and drive prices down.
The curve will flatten out either $4 and above or $3 and above. All good.