Peyto Exploration & Development Corp T.PEY

problem

[shenty46]

problem with peyto is that if ng prices rise more, their hedging losses also increase, and if it falls ungedged portion is impacted, and next years ng prices are trading near 5 dollars, from the present 9 dollars.

[malx1]

Money is mobile. Hedges only delay the impact of commodity price shifts. Nobody complains when ng price falls but they all cry foul when price increases. There will come a time when higher priced hedges are layered in, and ng prices will find a new equilibrium and Pey sp will lag, yes, but not forever. If you are a long term pey investor, none of this variance matters. Otherwise, buy a competitor

[Ganga22]

Very well stated. 

[MikeySwoosh]

We all have to let go of what has been done, however questionable or unconstructive it has been. Peyto is trading at a discount now because of it, so if you're confident about prices remaining elevated going forward, access to the Cascade power plant next year, etc. consider this an opportunity, as the horse has yet to leave the barn. That said, natural gas prices are plenty fickle, and though

[sportstermathew]

I wholeheartedly agree with the last two posts. PEY is the tortoise that eventually gets to where it wants and can live a very long  happy life. Many companies get taken over only to disappear in the abyss of others, some like Pony hurtfully so. For instance I switch all the time to CR and have some exposure to VET from PEY, as a result my totals would allow me to buy more PEY than ever if