RE:Anyone who Shorted Peyto has done great
The Board of Directors have agreed to keep the engine at full throttle. They are sitting on the driver's seat and disbursed over 1 Billion dollars in capex and increase debt to close to 1.2 Billion dollars in the last two years.
The shareholders sitting in the passengers seats have scream to the pilots to slowdown in order to avoid a full crash but there was no response. The bumpy ride coold have been much smoother but all hell broke loose. With a share price at $4 (down from $40), close to 1 million options self given and not a single share bought back, Peyto's Directors have proven they are no better than others.
Pull your own conclusions. Imo, I don't see the day when Darren Gee and the Board will recover a meaningful level of credibility.