New articleThere is a new article on the Seeking Alpha site on Peyto ON THE COMEBACK TRAIL
I don't like to post links to ones I don't subscribe to but easy to find and look at on the incognito window.
Will probably be an upturn today, would like to get a few more shares in the low $4 range. Careful what you wish for eh?
On another note, we all know Peyto has an ability to use four rigs at once which can drill about 5 or 6 wells a month each. So the question is if pricing is as good or better than now, as it should be next winter for sure, will Peyto bring in another Rig or two.
Cashflow will be huge and we all know when prices are good and you can drill that efficiently and quickly costs recovered are much faster on the timeline.
If one rig can replace declines, then three are adding production at higher levels and lower decline rates.
I can see a continuous slow and steady increase in production each year going forward as long as pricing does not collapse.
Now that said, what has Peyto done to alleviate this potential problem for this year in the summer period?