RE:RE:5 rigs I'm not trying to be a wet blanket, but just an FYI...Peyto has only been running four rigs since last week (before the Q3 report). They were operating rig 438 from Ensign as well prior to that.
https://riggertalk.com/drilling_rigs.php Search for Peyto or the Ensign rig directly.
Anyway, nothing to worry about if the budgeted 2023 exit production of 120K (organic) BOE/day is achieved. Let's just not lose sight of the fact that PEY is not engineered to be a beta play, so temperance is probably the best when it comes to expectations of oversized dividends (despite the most recent announcement) or capital appreciation.