RE:absolute steal by Peyto with the Repsol takeoutAnd Peyto would have had likely TOU bidding the Repsol assets up. Repsol assets were a decent fit for TOU as well.
Not saying it was a bad move for Peyto as so many economic zones in deep basin to fill the gas plants and NG is there but one negative with Repsol assets is you get alot of single vertical wells that produce just enough to stay producing. These type of wells are great with high ng prices but not so if prices drop.
Peyto is a wierd company though, never been leading edge on techlogy.
Lots of their recent drilling seems to be to up reserves versus manufacturing style large pad drilling.