RE:RE:those were the days my friends we thought they'd never endno. the big difference is the QUALITY of management.
the quality of management created to AAA balance sheet at TOU and the POOR balance sheet at PEY.
you have to get to the root of the issue.
gonatgasgo wrote: The big difference is the quality of the balance sheet. PEY had (and still has) way too much debt. Its hands are tied to a large extend.
TOU was able to acquire a ton of small companies at very cheap prices. This is where the quality of management makes a difference.
uncutgems wrote: I watch companies over the LONG TERM. I cut through the Promotional BS that most retail punters Salivate over. Like SA conference calls from promotional CEOS.
I like SIMPLE CONCEPTS that are easy for retailers to grasp.
Here's one.
Before the downturn
Peyto was prodcuing about 100k boe/d.
Tourmaline was producing about 250k boe/d.
Let's look at what these companies did to change their corproate TRAJECTORY and ability to create value.
Peyto today is producting a shade over 100k boe/d. it's mix of liquids to gas has NOT CHANGED.
Tourmaline today is producing 500k/boe/d. 5x what Peyto is. It has raised it's liquids ratio to around 22% from around 15%.
there are TALKER and DOERS.
which company CEO actually creates value and which company CEO talks about it?
Which kind of CEO runs YOUR company?