RE:RE:RE:RE:GuessHI have to guess that PEY did some hedging during the highs.
This will bode well for the next several quarters.
On top, extra income during winter months at $4 range for new production, not $6 but I think most of us would take it.
Positive changes taking place in the marketplace longer term with LNG in US and Canada eventually, who knows how much it will help. On top the new NG Electric generating facility provides a further high quality sales with low low costs.
Add in the super low drilling costs, even with some inflation, hey prices are coming down on that end for NG and oil costs??? Pay down debt, lower costs.
Getting income from VET, PEY and FRU is nice but not a game changer but it does reduce the fluctuations we have been experiencing lately. Peyto held on longer than anyone there down only about 5% from its high, before the last week's or so trading.
Thinking of buying more.