RE:RE:PEYTO earnings...I am disappointed in the fact Gee said about a year and half ago that one rig basically was able to maintain production levels.
We have to assume this was not correct.
I fully expected to see more debt paid down. But I also expect less spending in the 2nd quarter with possibly more debt to be paid down than the first quarter. I guess we will see.
Regarding the Malin loss is that not offset by the actual sales they made through there to California at higher prices?
To be honest I don't think anything Peyto does will be accepted by most and wonder why many are even invested in Peyto as a result. This does not mean they are not doing well in certain areas.
Until the prices firm up in 2024, and the new Cascades plant is up and running with revenues coming in from it this will be an overhang.
And it will still be a while before the LNG in B.C. is fully operational, then people will find something else to complain about Peyto.
My main complaint about the last conference call was it was so BORING. Nothing extra, no intensity or interest shown. Whether this is a bad sign is another question.
Price wise I think Peyto has held up in comparison to others with even less under the hood.