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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

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Post by shenty46 on Feb 11, 2021 7:25pm

Am I right

Am I right, Aeco prices are near dollar 6. Unbelievable.
Comment by sportstermathew on Feb 11, 2021 9:31pm
A perfect discussion, perfect phone call... Nope, prices are only for a blip on the screen, whoops missed it. Now if you said $6 for the next 12 to 24 months with no changes in costs etc. then that would be something. Peyto has been waiting for the higher prices in the winter period but you can't sell all your apples on the wagon all at once unfortunately. Anyone know when the next report ...more  
Comment by ghostzapper on Feb 11, 2021 11:38pm
I wish there was a video by Gee or others discussing the various slides in the presentation to put things in context. I agree with you on this.  Companies should do more virtual presentations that can be easily viewed by a very wide audience. 
Comment by Swoosh on Feb 12, 2021 12:04am
The Peyto AGM presentations are on YouTube from the past handful of years, and Darren Gee goes through slide by slide if I recall correctly, so it does provide some helpful insights. More regular analysis or color would be nice, but Peyto does do a better job than most E&P companies with the President's Letter and regular updates to the marketing report, as well as information shared ...more  
Comment by TerribleEng on Feb 12, 2021 9:29am
Great point, Also Peyto has stated numerous times that they sell unhedged gas into the monthlies, and don't sell into the daily cash market. Good thing is the curve for 2021 is much improved on a go forward (over $3/GJ) and 2022 is just cracking $2.50/GJ Good pricing by any means. I exercised my calls that I bought when I was expecting a short term pull back (It was super short and I missed ...more  
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