RE:RE:New Presentation outYasch22 wrote:
1. Peyto paid down $35m in debt in Q2. Revolver in April = $684m. In July = $649m.
Yasch, the April presentation is based on Q4 numbers. Refer to page 53 to see net debt after Q1 at $1.064B vs $1.099B at the end of Q4, which is the $35M you suggested. I would sure hope debt repayment is in excess of $35M in Q2 given capex should be ~$75M less than in Q1, Also, overall production was up, liquids ratio was higher, and pricing on unhedged production was higher. There is the concern of royalties and the slight inflation impact on operating costs, but I can't see those wiping out all that would have been gained by the aforementioned points. Anyway, GLTA