Post by
shenty46 on Nov 25, 2020 9:50pm
the problem
the problem with peyto is that they have some hedges till september 2021, which are hampering its profits, even in the past quarter they lost around 27 miilion due to it, and on top of that the strip prices even peyond 2021 is also not showing any movement on higher side, unless the future strip beyond 2021 shows substantial upward movement , peyto along with other ng stocks seems rangebound.
Comment by
ghostzapper on Nov 26, 2020 9:48am
They have painted themselves into a corner that is hard to get out of.
Comment by
houbahop on Nov 26, 2020 12:01pm
Right on! Two much debt Two much lowsy basis hedges. All this in a bad environment. Hopefully, with time, they will be able to find the key to unlock the handcuffs.