Peyto Exploration & Development Corp T.PEY

Strength or weakness?

[sportstermathew]

So with earnings coming out, 3rd quarter won't be strong, we know where production is per monthly newsletters.  So will expectations be too high or tempered.

I believe a lot of new wells are going to come online soon, egress issues hopefully won't be an issue and maybe some news on Cascades startup.

Once production gets past 110,000 boe'd consistently the company should be in more positive territory going forward.

It is still the case that one drilling rig is able to keep up with production declines?

BNE down 13%, PIPE down 22% so just treading water no matter how good things are going is not really what shareholders are looking for.

In the end shareholders want growth and gains in share price.

All the others are good, divs, share buybacks, debt repayment.

Just bought a 1000 at $12.79, hopefully it will be a reasonable price longer term.

[MagicPinstripes]

Down almost 10% so far today. Surprising to me as there is usually a run up to earnings. Perhaps it's a result due to the drop in oil prices, the drop in natural gas prices, the midterm U.S. elections, or the tea leaves in my cup this morning. Ugly day, but still optimistic in the long term as there's a lot to look forward to! ...especially with winter just around the corner here in

[Quintessential1]

The entire sector dumped today with low O&G prices. The hope of good earnings isn't enough to fight the trend.  Hopefully commodity prices bounce back tomorrow and we get a double whammy boost with inline earnings.  Debt is going to have to go down and the divi is going to have to go up before we see substantial share price gains but its only a matter of time. I collect my

[Quintessential1]

Ask and you shall recieve.  !20% divi increase and debt repayment Just what the doctor ordered.  It may buck the trend tomorrow.  ;-) GLTA longs

[perplexed01]

this divy increase is fantastic news for me since i went way overweight pey early 2021 and the divy is a big part of my retirement income.  but i have to wonder if debt repayment should have been a higher priority instead - interest rates have not stopped going up so debt service will reduce future income?  the 8% drop yesterday was on little more than average volume so maybe just "

[Yasch22]

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[houbahop]

More of the same... Earlier this year, the claim of reducing debt by over $350m in 2022 with a $375m capex program was nothing else than words not to be trusted. But it was already then very predictable. More than doubling the dividends and not buying a single share under a NCIB when shares trade so cheap is completely stupid. If they are to print 3-4 million shares for RSU and other perks based

[Quintessential1]

If you knew you were going to raise your dividend 120% which would ostensibly rerate your stock and raise it's share price you would think you would take advantage and yeah at least buy back what you had planned to issuei in the following year for performance perks and  hopefully they did.  Sedi reports for Nov not out yet so maybe they did. Regardless the market is not going to

[ngtraderng]

There's no NCIB for this year. There was one in 2019 but they didn't use it and didn't bother renewing it. Darren already said on a previous call that his job is not to trade stocks so he's not going to buy back any shares. It's also clear that the debt never was and is not a priority. Filling the underutilized gas plants was the priority to get new unhedged production to ease

[Quintessential1]

That is too bad about the NCIB as I do believe it is management's job to return value to shareholders even if it means trading stocks and especially their own stock.   I trust JP and management to do what is best for the company and an NCIB (even if unused) is a nice tool to have at the ready (especially with a 2% tax break that will not be here in 2024).  GLTA

[houbahop]

A little air pocket but a good trade, sportster!