Energy Prospectus

Fraser, you have gone too far!!!

Sad to see China capturing all of the valuable resources. We just take all the fleeing migrants from South America while China acquires all the valuable resources.

I like it and my entry point. Your forecast though was a bit of a surprise with no FCF in 2023 with rising prices. It’s a new one for me so I am happy with my starter position.

Thanks for publishing a profile on this new entry. I couldn’t help but notice that capex exceeds cash flow in 2023 not a great sign. The natural question is how sustainable is the $.44 per share fixed dividend plus stated intention for $50 million buyback. Doesn’t add up for me. Your thoughts?

Read latest Making Hay commentary from David Hay today which prompts this post. Pretty much in line with Stephanie Pomboy's warnings. Has anyone else noticed that there doesn't seem to be anyone in charge in DC that has any inclination to live within $2 trillion of their means and that folks abroad ...

Good stuff. Thanks for posting.

Exploration whiff.

• Peyto makes a rare large acquisition of Repsol Canada Energy Partnership for C$636 million, deviating from its history of small bolt-on acquisitions or no acquisitions. • The acquisition is largely financed with debt, raising the risk of the strategy, but the potential rewards outweigh the presume...

Any thoughts on why the issue with storage in Cushing?

$42 million at 8.5% convertible at $13.25 per share to redeem $34.5 million at 6.75% convertible at $19.13 per share. Not the worst terms we have seen in this rising interest rate environment. Surge is not over levered, has a great development plan, and is making nice monthly dividends so this seems...