CRISIS actorsat the same time peyto was supposedly in CRISIS they borrowed money for a long
period at less than 4% per annum. that rate only goes to the STRONGEST companies.
Peyto also announced a STOCK REPURCHASE PROGRAM.
companies in CRISIS do not telegraph to the world that "we have so much liquidity available to
us and we are have such a promising future that we will buy back our own stock. Companies in
CRISIS do not buy back stock and do not get to BORROW at under 4%.
Narratives are "created". And this one is a "doozy"...
what is really interesting to me is that I am the one who is being accused of
portraying peyto in a "dark and menacing" way. but when a certain narrative
is required to support a thesis, then anything "goes" I guess....
reality is quite different than NARRATIVES.
beware of NARRATIVES. they are pervasive down in the lower 48. And it appears Canada is
not immune from them either.