RE:RE:RE:Divvy cut in halfoverall, I give them thumbs up for doing the right thing - if all the major players did what Peyto is doing, i.e. keeping production essentially flat, then the local pricing would fix itself simply by increased overall demand - so kudos for having the balls to say, we're not flooding the market;
Pony is basically doing the same thing, for 2018
Tourmaline is not being a team player, and targets raising production by 10% - that's unfortunate; good for them, but it does show their colors; too bad; I like the Pey restraint, and I sold my Tou shares today and switched to Pey; I'm voting with my wallet, you might say; it may cost me, but so what, on account of principle, it's the right thing to do; I bet in the long term, Pey will get back their investment in integrity in spades; Tou will outpace them on share appreciation in the near term, but in the long term, Pey will reap greater benefits; from what I read, they are a no-BS, cards on the table, call it as you see it operator, and I personally like that management style; and still, they'll be making money...
bottom line, the announcement was good news, operationally and fiscally speaking - it provides lot of clarity, removes doubt, and solidifies the company's prudent-operator status; clearly "market" disagrees with me, but that's largely because shorts are mostly d*cks with lots of attitude and no real balls ;) that's the price we pay for integrity, I guess.. so be it, there's more to life than money, right?