RE:Q4 NGL production grew from 8.79% to 9.54% of totalyou keep saying oil. they don't sell ANY oil. :)
here is the dirty little secret. all of these new
initiatives will cost MORE money. more CAP EX for
deep cut.
higher transport costs to send gas elsewhere. and btw, congrats to peyto management for joinging the NYMEX party, albeit Years after it began. higher operating costs
for increasing liquids.
there STILL aint no free lunch.
that is the "dirty" little secret.
oh and apparently, the management team, which has not bought a single share of stock in the $10 range, is perfectly fine forward selling their gas at UNDER $2. why? because it guarantees survival. it guarantees they can pay out ALL their earnings in a dividend. and it guarantees JOBS high salaries and great benis. how about YOU guys, the shareholders.
well you get what's LEFT OVER. :)
ps: tou just found a way to add 3k boe/d of Black Gold to their mix, basically by "magic".