RE:Conference callComputer broadcasting to my TV downstairs, hope to fix this issue tonight.
Heard some of the conference call.
Even though I am a long-term PEY holder and cheerleader there are statements made that just don't seem to add up over time.
Last few conference calls a word about one rig able to maintain depletion rates justabout. I don't think this is the case if you look at production from current drilling and then take out the depletion rate and look at current production it did not add up.
Five rigs has to have an impact at some point.
The new wells are producing much stronger production levels and paying off very quickly so why not adding up in the totals?
I had also bought another 1000 yesterday at $12.60 range but not the lows, dang. However was able to sell a few at $14 at the open today and then buy back around $13.50.
You don't get these Xmas presents too often. Some day I am going to be caught and not be able to get back in.
I wonder how many VET holders are moving to PEY?
My VET calls are not that great at the moment. Will have to see once cold weather starts to affect prices.