RE:RE:Link to BNN with DG, todayHouba, he really did not say much more than what he said in the conference call.
A few items of emphasis were on debt repayment, then more dividend increases possibly.
And also mentioned again on the very low inventories currently in Western Canada at levels not seen in years if ever. It takes time to refill NG levels so should maintain prices to a certain degree.
Also current earnings from last quarter were great based on much lower levels when you take into consideration the hedges. So going forward they should be much much better even if prices drop a little bit in the open market.
As you know people keep talking about prices going up and up and up which never really occurs, even in Europe they have to come down at some point. So hedging locks in profits they can live with and at levels not seen in many years why not take it in when you can.
Eventually there won't be any negatives for Peyto for people to pounce on other than the fact the price does not move as fast as they would like for them.
I always laugh when people equate the stock price to what a company is doing on an hourly or daily basis. If people would just stop selling when a large buyer comes in they may find prices to their liking.
I plan on being here till at least 2025 and longer if the cards come out way.