RE:president's message out tonight Hmm not overly impressed with the president report this month. Wish he would give us the deep dive on the Cardium. It's what management is investing their capital into and by extension what investors are investing in as well. I am tenatively exicted about the play, other than macro NG issues, I just don't think the slides they have in their presentation does the play justice. Oh well.
I know Yasch finds the ESG framing and communication insteresting. Personally I find spending any time discussing it to be a giant waste of thought... Especially so given that PEY runs a tight ship on these things anyway because being effecient is good for business... The challenge PEY and other well run E&P organizations face is not ESG its that the business model doesnt make sense at these short term commodity prices. As we have discussed on this board previously there are a number of reasons for that and we could start to see strong signals to upside in 6-12 months (in my view) on commodity price. When PEY and other E&P's start to show cashflow performance again, folks are going to notice.
With that said this post did make me think to look at PEY's ETF holders so ill do a bit of digging there and add to the discussion if it warrants.