RE:RE:RE:RE:RE:Conference call I have been trying to convince other investors , that both cash flow and recycle rate are the important vectors. Recycle rate encompasses may other factors such as product mix , drilling and completion costs, decline rates and ultimate recoverable resource. More cash flow means more money for capex and high recycle rates mean future returns on that capex.
This methodology is quick and more reliable than looking at past accounting statements for forward guidance.
Mercifully , Peyto provides us with a lot of info concerning recycle rates on each of their plays.
My congratulations to management for providing us with so much of what we need to know!!