Peyto Exploration & Development Corp T.PEY

Peyto Monthly Report Feb is out, link below

[Ganga22]

https://peyto.us14.list-manage.com/track/click?u=a71b2b270bc46d6d239c9a2e3&id=067f7e4013&e=6ae5263bfa

[shenty46]

This monthly  report looks like a warning that recent acquisition output has high production cost and the whole profits may be impacted. 

[GregC24]

Uh what?   They said that production costs would be higher a while back. This is known.  And isn't what the report is saying at all. The title of the report is literally "living up to expectations" as what they expected to happen is happening.  "Production from the new wells is a reminder of why we coveted these lands for so long. Figure 2 shows that on average,

[earlybird_787]

I don't know how shenty arrived at such a negative conclusion......lol.

[houbahop]

It looks like there will be minimal production growth in 2024. Should be, anyway. In the current environment of flooded markets with low natural gas prices and low futures strip values, I hope M. Lachance will readjust its capex program to somewhere below $400m. Otherwise,  they will repeat the same smoke and mirrors story of claiming 50%+ IRR on new wells while selling hedges below $2/mcf