RE:RE:Buybacks v debt payoff v higher divvies v more productionI doubt there are many shareholders here like the old days.
Most are on the boards of Tech stocks, coins, green stuff and so on.
We are going to dry up into dust probably at some point.
Yes, under $2 Peyto did miss an opportunity but maybe was unable to do anything about it due to the covenants.
Yes, I would rather see some debt payments, even $50 million a year would go in a meaningful direction.
But as mentioned they are hopefully going to improve production as Yasch says at $8,900 per boe and make way more in revenues that could eventually pay down debt even faster.
I heard today oil production in the U.S. is growing rapidly however, could just be percentages and stats being abused for TV talking points.
We can all take sollace in knowing that for now pricing is better, efficiencies are better and improving, interest rates will probably not rise for a while and deals are still to be had.
Peyto is king in their area and I surmise others will eventually kiss off and give in to Peyto once they have taken their early piece of the pie.