Peyto Exploration & Development Corp T.PEY

New monthly report with 2 notable

[topdop]

statements:

1. "The deliverability of the wells along with the strong liquid yields (approximately 20-30 bbls/mmcf gas) make this zone an excellent target in times of low gas prices when oil prices are relatively high; and

2: "We won’t see as many new wells coming onstream over break-up and expect to enter the summer with a back log of wells to complete. This should serve to drive production up in the back half of the year."

Let's hope future projected flows outstrip declined and that Nat Gas pricing recovers by that time. Liquids, of course, are looking strong.

[DeanEdmonton]

I like Peyto's regualr monthly updates but the new guy is really bland. Not nearly as interesting a read as they used to be.

[topdop]

I disagree.  For good or bad, Gee was (openly) too political. The good CEOs always manage to steer a course that looks to benefit, above all else, the shareholders and they seem to do this in absence of playing politics. JP Lachance - the "new guy" as you say - is clearly a highly accomplished and experienced Engineer and as head of this firm, I think that's a great thing.

[Quintessential1]

Did Gee's "openly" political stance bring in more investment dollars or less or any for that matter? Would trying to sweet talk and appease any of the current governments curry him any favours that would translate into more revenue for Peyto?  I doubt it. Did his anti-climate change, pro-fossil fuel rhetoric gain him any more investors or investment dollars? Maybe...probably.