RE:RE:RE:RE:RE:RE:RE:First thought of the dayYasch had emailed me privately to let me know he was taking a break.
Whether he will be back is anyone's guess.
The trouble is there are instigators on every board. For what reason I know not. But they pick a fight and you go down a rabbit hole. I just delete everyone I don't want to hear so sometimes things seem disjointed in conversation.
It would be very interesting to see all his calculations on the new venture Peyto is amassing.
My only concern with the old company lets call them was:
They had a fair chunk of land with a 1000 potential well sites to drill. We all assume that all acerage is the same, but it is not as we learn from the shale sites in the U.S.
They have never come out and said that some were A sites, B sites and so on. We learn from their charts of the past that some areas clearly did not produce the returns like some other areas. I still believe most are profitable but just not as much.
So the question is, do they try to find all the really good sites or mix in some so so drilling locations to at least balance things out.
Whether ERH wells with multi frac layering makes any difference I don't know.
I am inclined to think Peyto is really stepping up to the plate for 2025 and later on. Many are like CR. How much more production can they take as the pipeline to the west will only take so much. Sure it means less for Alberta thus prices may firm up substantially but we all know each company feels like they are the only ones out there. DRILL BABY DRILL.
The assets Peyto now possess after this transaction has to be so much better that the debt is no longer an issue.
And if Peyto does the same thing they did with the last few deals, increasing production dramatically with little funds spent to help pay down the debt of the deal so much faster than anticipated. I can't remember the names, because none of Peyto's links seem to be working lately.
They are the major player in that area now, the go to guys. So as others feel they have done all they could they may also decide to evacuate and move to more efficient pastures.
Cascades is getting closer also. Peyto is very consistent lately in their pricing on the markets. Maybe this is a new bottom going forward.
I am just reinvesting my dividends into more each month. Nice to see.