Peyto Exploration & Development Corp T.PEY

All Aboard

[NGinsider]

This stock is about to leave the station.  The breakout above $6.20 means this should run to $7.50 and likely $10+ by year end.  If PEY gets added back into TSX composite, the demand will start to pile on.  

NG and Oil set to run for the remainder of this year.  Even at the current price PEY is only selling for 4.4x 2021 EV/DACF.  Historically it has been 8-10x.  I'll be satified with 6x 2022 EV/DACD which is $16/share. We are only in the 2nd inning.

Cheers!

[neigegarcon]

Wow - we just blew through $7.00! 

[sportstermathew]

We all know things are going to get better, much much better, new ratings up to $9.00 by Canncord and others to follow. Every day these prices are a reality is another deposit to the bank and hedges printed.  I wonder when they sell on AECO how often do they get paid?  Daily? Weekly? Monthly? If other firms can pay back a well in 7 months I am sure Peyto can too or close to it, oil and

[alertmeipp]

PEYTO was a $20+ stock with lower oil and gas.. and their cost is going lower (except the carbon taxes) Can go a lot higher.