Peyto Exploration & Development Corp T.PEY

This one

[shenty46]

This one should quote above dollar 25, ng prices strip for 2022 and forward looks to explode upwards to unimaginable prices in just a month or so.

[ngtraderng]

Remember what TE has been saying: there is an unlimited amount of NG supply at $3 in North America. Unless we get a substantial increase in LNG FIDs, the futures curve is going to stay depressed.

[robert41]

While this is true I beleive all that gas is in the ground so a bunch of cash will be needed to get it out ...is that cash ready to be deployed yet? I have no idea.. maybe TE can weigh in.. also US seems to be shipping all they can does that not help support higher prices? I don't mean price where they are now but perhaps either side of $ 4 bucks. Just spit balling here hope someone with real

[TerribleEng]

Yeah your right, it does require capex which in the absence of debt and equity funding needs to be funded organically. This makes things a little bit more complex, as it will swing the front end of the curve violently to guide capex decisions but the back end of the curve will stay marginally below the mean breakeven price. The market will not allow a situation where EQT for instance can hedge 10

[Ozhoks]

Thank you TE for your detailed insight.  Are you referring to a 20-year boom-burst cycle such as 2000-2009 boom in energy sector vs burst btw 2010-2020? Or you ar referring to a much shorter cyclic behavior of supply-demand asyncrony? The key point I guess is to set entry-exit strategy for boom-burst cycle, and tactical trades for short term supply/demand imbalances. For that, we need to

[houbahop]

Thank you TE for sharing your insight. There is not much to add to your detailed analysis of the industry.

[topdop]

Hey @shenty46 same story, same story - so it seems to me you're talking your (very leveraged) Book and the *pump* seems to now be revealing itself. Each to their own, but if I were you, I'd be a little more careful pal... GLTA

[TerribleEng]

I have a hard time reading you. You seem to change your outlook for both NG and the company daily. You wrote this literally 3 days ago. And the other quote 2 days before that. Now you are saying you expect no movement in the stock for the next sixth months when the futures curve is starting to reprice next year and the company is about the announce it's best result in company history and re

[houbahop]

And by the end of next week, he'll be buying back 30 000 shares after selling is new house tomorrow. Do you follow? :)