Post by
sportstermathew on Feb 03, 2022 9:57pm
New President's Letter
https://www.peyto.com/Files/PMReport/2022/PMR2022Feb3.pdf
Wow, at current and even remote pricing PEY is doing better and better.
I was wondering if drilling is like mining copper or moly or gold, in that you don't always drill your good locations?
Do you drill a mix to help bring in the less profitable with the more profitable and average out?
In the US we have all read that they have been drilling many of the better locations which are slowly starting to dry up leaving only lesser quality to chase.
I think unless prices collapse we will be in the $10 to $13 range till new reports come out, new earnings and drilling etc and any other developments then it will move to $12 to $15 range, firm up and move on from there.
Interest rates are bound to be pushed up but even 1% or 1.5% won't have a huge impact on these companies especially when debt starts to get paid down.
It will then depend upon how the economy moves along.