RE:RE:RE:Quite InessentialJust use IGNORE.
If I don't like the posts of an individual that has no added value to a board, or spams, or attacks others it works great.
It seems on this board there are so few people that own stock that post we are talking to a few only.
Others are lurkers for info and that is fine.
I am still friends with one person whom I met in 2005 at lunch for a bunch of us PEYTO shareholders so you never know where a bulletin board may take you.
It has been a troublesome few weeks since early June with the huge drop in prices.
However, I kind of thought it was overdone for one thing, and the prices were still fairly high to keep PEY deep into the money so all it will take is time to revert some and move forward.
Here we are August 1st tomorrow, one month down in the third quarter already heading towards the end of 2022 and towards 2023.
I don't want time to move so fast I can't enjoy life also.
Earnings of most firms in the next couple of weeks will keep things lively and push the carts forward ever more. Here's hoping the general markets don't tumble down taking us with them as a most opportune period we are in.
However, I keep thinking, hang on and we will eventually get to where we want to be.
The accounts have moved back up somewhat, another good week like last and it will all be in the rearview mirror.
Drilling is taking place from June onward right through maybe next April, five rigs plus if they can or want another one in the mix or find one is the key.
Waiting patiently to hear if they did well in more land sales at good prices?
Having the facilities in the area gives PEY an absolute advantage others don't have. Why would you want a smallish piece of new land when you don't have the pipeline or plants to process the gas? If prices of pipe are so high it would make it unfeasible thus advantage to PEY.
Also it would be nothing for PEY to spend $100 million on another side deal if the price was right and land a definite ACE in the hole.
Or since returns are well within 1 year for the cost of a well, it has little impact on CAPEX but hugh impact on cashflow, FFO, FCF etc.