RE:RE:RE:Not sure how commonly this is understood.I already discussed my theory about why peyto could have moved more in teh extreme short term.
but lets deconstruct your theory. you say that an article came out and "moved the market" and made traders act on alberta comapnies and bc companies.
Crew is almost 100% BC focused, and was UP 15% over the period . why would a company with almost 100% of assets in BC be up on such catastrophic news?
TOU has 50% of business in BC, which accounts for 100% of their growth. they are keeping production flat in Alberta. They just signed a 15 years contract for gas sourced in BC and have announced future projects that must be approved in BC. Why would they be up 17%? Why are they up since the Supreme Court decision?
BIR has ZERO assets in BC. AAV has ZERO assets in BC. POU has ZERO prodcution BC with ZERO intent to drill there in the future.
I see a list of almost RANDOM returns or company specific returns. I believe 17% is an incredible retrun over 10 days, and not something that I would see if "catastrophic news" just came out that effected the company.
so far investors don't fear the worst. we shall see how this unfolds. so far it has not effected the stocks.
iow it has the most beta. also tra
Yasch22 wrote: The main question here is about the outsized returns Peyto has had in the past 10 days compared to other producers. Use September 7 as a starting point.
Peyto: $7.00 to $9.32 = 33%
Crew: $1.91 to $2.20 = 15%
TOU: $35.73 to $41.90 = 17%
POU: $14.71 to $16.53 = 12%
AAV: $5.99 to $5.61 = (-6%)
BIR: $6.00 to $6.39 = 7%
Anyone care to add other producers to this list? One of the only differentiators is that Peyto is the only company on the list without a BC Montney play. (Amazing how the screw can turn on this issue, as a few posters here tried to make a laughing stock out of Peyto for not diversifying away from their central Alberta comfort zone.)
Here's TerribleEng's link in clickable form:
https://www.dailyoilbulletin.com/article/2021/9/15/no-new-wells-approved-last-month-in-bc-province-an/ It looks as if the effects of the Blueberry decision didn't strike home until the report about BC well approvals for August came out a few days ago.
The article is from September 15. Key quote: "No new wells were approved in British Columbia in August, as the province continues to work with the Blueberry River First Nations (BRFN) on a way to improve and modernize provincial processes that recognize and respect their treaty rights."