Take oil out of the Name?
In a recent interview with Mike Rose, TOU is the largest gas producer in the Country he was asked why don't you take oil out of your name?, and he really didn't like that idea maybe the answer lies in the results.
Last quarter roughly 22% of their production was Liquids (OIl, Condensate, NGL's), and 78% gas.
37.5% of their revenue in Q3 came from Liquids. (98,743 boe/day)
In Q4 they are adding Roughly 15,000 boe of Liquids, this will bring their liquids production close to 114,000 boe day, and will likely mean 42-43 percent of TOU CF in Q4 will be from liquids.
While gas production has increased 50% over the last year, Liquids production has increased 80% if you include the 15,000 boe a day of liquids coming on in Q4. So at the end of Q4 2021 TOU will be about 23% liquids.
My guess it this, a lot more strategic opportunistic investment, and way more liquids into the future.
IMHO