RE:RE:RE:RE:popPEYTO is a spring under pressure ready to POP as you say.
I am waiting to buy under $6 again, missed it last week for what I wanted to do.
Race cars around the track but Peyto has more GAS so will run ahead after some time.
I am wondering what they are doing with new production? hedging it all or keeping it for market prices considering current prices.
Does it make more sense for them to take current prices for new production and hedge on it in the winter when prices are even stronger?
Of course I know summer prices never get to winter pricing at any given time but if draws are so large and inventory constantly low it has to maintain prices.
On another note when the pipelines do maintenance in the summer, can other hedges be sold for just specifically that period to get ahead of things just in case?
I see the CDN $ at 83 cents. You have to think there is something to it if Canadians can't travel to the US that is hundreds of millions of dollars they are not selling CDN for US$.
On top of this metals, minerals, oil and gas are all strong causing our dollar to be strong as a result too.