As expected......SAVED by Repsol...!!!BUT BARELY...........
As previously mentioned, due to the "increased" production by the Repsol acquisition, Peyto bascially pulled in the same amoint of money they did this quarter, that they did in previous quarters BEFORE they increased their output by 30% with Repsol. It'squite deceptive & kniving on the behalf of Peyto mgmt BUT these guys are "desperate" to hold on to both their divvies & whatever investors remain.......SoOoooo......they are willing to do anything to keep both of those going for as long as possible....
So if you DID NOT know what to look for here OR the history of the company.......you'd probably "falsley" think these results were stellar lol......Which of course they are NOT. They are quite dismal when the overall picture & outlook is taken into consideration & CAREFULLY analysed! Which your friendly neighborhood Momo has accurately done for you guys.....FREE of charge!!.. in the past few months.....
And BTW they wayfor those thinking posting crazy crazy stuff......stuff like these idiotic Canadian analysts & investment houses........pumping Peyto.......predicted it to go to 18.....or $22 .....LOL......Let me just reassure you with some "basic" common sense.......NOT this year or the next or the next one after that one.....LOL........inother words not for SOME time and definitely NOT while gas pricesare in the gutter below $3 and Trump is about to overtake the Whitehouse & then set to implement his "AmericaFirst" energy policies.......across the board!!!!!!!!!!!!!!!
In this environement......you will not see anything close to $22......BUT you may see something similar/close IF you move the decimal point over a spot to the left lol! Not convinced....just yet? We;;....for you hardheaded folks.......it may take a bit more "screw twisting/tightening" before you finally say uncle..........and eventually tap out! And that may be THIS year when these Canadian ep's get cut in half.....from current levels! .....for the majority of you......
For the rest of you......i guess going down with the ship IT IS.....as it was "nearly" in 2020 ...lol
GLTA