I've had a peavey for years. Doesn't look like your picture, which is of a cant hook with t-prop.
Peavey has point in line with handle, like an extension thereof. Cant hook, like yours, has point perpendicular handle.
Nice try. :msp_rolleyes:
Recommended procedure: make multiple cuts in log; roll it 180 deg; finish cuts.
(Actually mine was a gift back when. Really would have preferred a cant hook, but who knew back then?)
The ones with the spike on the end were known as Peaveys back when I was a kid - didn't refer to the company but was the generic name used to refer to such a tool. I lost one up the the mountains - hope whoever found it got good use out of it. I think I still have one without the handle in the shop somewhere.
Harry K