RE:StockWatch comment on November President ReportA decision in October 2019 took my attention away from Peyto and since then I have appreciated occasionally looking-in at the Peyto Stockhouse BBoard and reading the monthly Darren Guy president's reports. I had anticipated in early 2020 that the July/August 2020 timeframe might provide useful opportunity for serious(for me) re-investment, but for reasons better understood by regular posters here and because of general economic consequences of Covid-19, windows of opportunity have clearly been shifted for very many companies.
Within the bands of marketplace anticipation, business seasonality characteristics, company operating strategies, renewables-based energy initiatives, and market-sector trends, I have conclude IMHO that the coming 3 months may be a reasonably good time to accumulate in the Canadian NGas sector. Peyto has many attractive qualities, especially when its debt-burden ratios becomes lowered.
Minor information contribution, as part of this post:
- U.S. inventory draw(-36) occurred in W/E October 30, 2020
- In previous years the first seasonal draw took place in W/E Nov.15, 2019 and in W/E Nov.16, 2020...... this can occur due to lower field inputs or due to colder temperatrures, or both
- U.S. peak natural Gas Storage in 2018 was 3247; in 2019 was 3722; and in 2020 was 3955
After I reach my current accumulation target, I look forward to Peyto's next three years and remember that great run from $2.40 to a "share split", then Unit Trust, Haloween $5 drop over night and sebsequent rise and fall in different times and under different debt situation,
Peace,
Good Decision-making to All,
ElJ