RE:Increased production?They could do it a couple of different ways. One is to move capital into Spirit River which is gassier, cheaper and more prolific. The other is to just accelerate their current plans, and hedge new wells that were in excess of announced capex plans.
As you say, it would accelerate debt paydown, debt ratios and we as shareholders are left with residual production. The market is asking for it, as least for the next 12 months and it can be done without borrowing.
Rig counts by operator are announced weekly, so Peyto is still running 5 rigs which they have been running since Q3. We can monitor for a fall in rig counts. The other way is monitoring royalty data from Petrinex. It is reported monthly.
