RE:Can't seem to rallyPeyto ran earlier in the year based on pattern trading with it's peers, purely on production / reserves as earning were thrown out the window because all the targets were stale. When earnings came out and guidance was updated with the new pricing it is now trading on forward looking earnings. It's trading like gas is $3... because it is for them until winter. Then it's a $4-4.50 gas stock and then in summer we could start seeing some improvement as more than half of production is floating. Hopefully pricing holds up until then.
Most other companies have added 20-30% to their EV by paying down debt.
I just don't get how recently done basis deals for 2024 are at a $1 US differential, when TOU is signing them at $0.12.