RE:RE:RE:RE:Good news: Peyto basically unaffected by AECO dropThink of PEY right now as two separate companies, about 40%?? is free and clear
with production of new wells paid off within months not years. Five rigs just churning
out high quality, higher production wells with less cost than ever before. Pipe is going
to cost more but with a recession kind of lingering maybe some help there.
40% is larger than Crew energy but PEY gets no credit for this.
The quarters roll on, almost two months in the third quarter on the books, and NG today
up 49 cents for NYMEX. Now we don't get that but it has an impact all over.
They are talking about LNG in the US exports to go to over 30bcf/d with several projects on the books and contract sales signed.