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Bullboard - Stock Discussion Forum Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s):  PEYUF

Peyto Exploration & Development Corp. is a Canada-based oil and natural gas company. The Company conducts exploration, development and production activities in Canada. It is a Canadian energy company involved in the development and production of natural gas, oil and natural gas liquids in Alberta’s deep basin. The Company’s total Proved plus Probable reserves are 5.6 trillion cubic feet... see more

TSX:PEY - Post Discussion

Peyto Exploration & Development Corp > So Will we break out, and when??
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Post by sportstermathew on Dec 19, 2020 9:54am

So Will we break out, and when??

$3 for Peyto is almost a catastrophe as with many in the industry.

Many are still underwater other than those few that have come in the last 12 months totally unaware of all the carnage.

How many have just sold off and floated away, a lot I assume.

So where do we go from here, for most holding long-term even $5 to $7 is nothing great and not much income to help anymore.

I sure would feel a little more comfortable at $5 to $7 range but only if the production and cashflow, earnings, FFO etc are in our favour.  

Eash person's level is dependant upon how big their investments are, how much is in Peyto, cash, cashflow, diversification etc.  

It does seem like the unending selling in the industry has flittered away.

Many are doing short-term trading which does little for support but eventually they have to move up with the tide.

I don't care what anyone says regarding EV's, most have no clue where their electricity is coming from unless you have your own solar farm.  Natural gas will be the big driver as demand increases as solar is just too inconsistent to supply hundreds of thousands of EV's.  Sure Nuclear but that is decades in the future if they ever approve new ones.

And this is only the developing top ten countries maybe.  Decades and decades for other countries.
Comment by Sskcdn89 on Dec 19, 2020 8:56pm
Unfortunately, I'm in the same boat as you. Waiting for a breakout to $7+. Hopefully in late 2021. Their hedges in Q4 2021/ Q1 2022 look good. We may see a bit of a breakout in the next few months as Q4 2020 and Q1 2021 results should be positive due to their hedges. Sadly they've hedged around 1/3 of their production in Q2/Q3 around $1.75/mcf. So, the breakout may not sustained, if there ...more  
Comment by Yasch22 on Dec 20, 2020 2:37am
This post has been removed in accordance with Community Policy
Comment by houbahop on Dec 20, 2020 7:14am
My chart tells me around October 2021, PEY will start a new upward trend:
Comment by houbahop on Dec 20, 2020 7:28am
Can't put the image but here's the link to PEY chart image: https://postimg.cc/vggLmy92 In the meanwhile, the only positive is the support around $2 seams very solid. :)
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