RE:RE:RE:RE:looking at"Quality business with a little too much debt, for now."
Sounds about right!
That was the essence of the Peyto investment back in the dark times of covid.
Once Peyto had their credit extended with the stamping fees, higher rates etc. it seemed likely to me that Peyto had enough runway to work things out.
A few years later, the market has turned (generally speaking), the hedges have been layered in a bit more reasonably IMO, and the debt is creeping down (a bit slow for me).
I know time has shown there were better investments to have made (think TOU), but I am happy with my Peyto investment. It has been a long dark lonely walk in the energy patch last several years. I am very grateful for the many posters on this board and others, that have helped me learn about the energy sector, and make tough choices.
Cheers amigos,
Nukester