RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Nuttall....change in strategy?Houbahop,
Both you and I recognize that this is the Payto BBoard, but your legitimate recent "PS reference" to TOU getting close to 2 Year low, brings to mind a Relative comparison that may be interesting to colleague investors who might be strategically allocating some "opportunity investment funds" to the NGas sector, which is currently under NGas commodity pressure.
In trying to decide between Peyto and Tourmaline, of course siderations should include: Leverage through debt; Hedge Book; Operational excellence; Diversity anjd complications of target markets including transportation and LNG conversion costs, etc... but also on a simple basis of market relative valuation the following Price Ratio approach might be useful (examples):
Back in 2020......All Time Low...May 31,2022...Sept. 16,2022...Dec. 29,2023...Feb. 15,2024
Peyto Price $1.50 $0.90 $15.48 $11.43 $12.04 $12.70
Tourmaline $8.00 $6.75 $78.08 $78.86 $56.40 $53.99
Pey/Tou ratio 0.1875 0.133 0.198 0.145 0.202 0.235
Better Mkt-Value Pey Tou Pey Tou Tou
This Price ratio has no indication of short-term price direction, but rather relative value as indicated by the marketplace,
Peace,
Good Decision-making to All,
ElJ