RE:RE:RE:popI am aware of this Yasch. Just trying to lighten the mood...
Do you have an approximation of the EBITDA generated if peyto was selling
100 000 boe/d of its liquids and gas production at current price, without hedges or basis deals?
What to make of a market cap. of $1B when EBITDA would run at $600m a year?
Of course, we have to take away the capex dollars out of the equations to make any sense...
This Market Cap. to EBITDA used to run between 6 and 11 for most of the last 15 years. I leave you to compute where PEY could trade right now.
Imo, PEY could go up 100% while NG price declines 20%. That is how dislocated Peyto shares are trading right now. Try to fit in any reasons to explain any rise or drop is futile at these levels.