MetaTrends Profit

Peyto & more metrics

Yahoo! CWEI: "I find your assumption that you have to convince me that Peyto is a good company is unnecessary. If I were a reserve-future-oriented investor, I'd probably own it.

RAY is not arbitrary. It is one measurement meant (by me) to screen for one aspect of the trusts, after which I check other metrics to find ones that fit me, personally.

The WEIGHT each of us logically gives to any metric is (or should be) relative to our investment outlook and premise, risk tolerance, and time horizon.

YOU (and many oilsands investors) may like to invest in compamies that you think will increase their profitability and/or payout in the future, while others will want to invest in vehicles that have high payouts NOW. This has as much to do with investor goals as with how wonderful any specific company is. You place more emphasis on growth and future reserve additions that I do and IMO this is not contradictory. Your emphasis does not make me less confident or comfortable with my own.

As much as possible, I'd like to own high current payers that also add to reserves and money-in-the-ground. But if I have to choose, I'll take the money now, thank you very much, because I have been around the Market and the Oil Patch long enough to know a bird in the hand is really worth two in the bush (to me).

One size does NOT fit all. And using one's owns set of metrics to fit personal goals is smart, not arbitrary...but other people with different goals, risk tolerance, time horizons wouldn't use the same weightings.

As per the reserves, you are talking about cash flow changes caused by a decline in the price of NG and I was talking about the official definition of reserves. The Canadian official definition takes into consideration the pr"

posted by agrossfarm @ 9:21 AM