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

Alternate Symbol(s): PEYUF

Energy Oil & Gas E&P

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

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TSX:PEY - Post Discussion

Peyto Exploration & Development Corp > Can't seem to rally

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Post by ngtraderng on Sep 14, 2022 2:06pm

Can't seem to rally

PEY continues to trade like a turd while its peers are making new 52-week highs.

Must be more insiders exercising and dumping their $2 vested stock options.

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Comment by ngtraderng on Sep 14, 2022 2:14pm

Should've switched to BIR with Shenty.

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Comment by TerribleEng on Sep 14, 2022 2:16pm

Peyto ran earlier in the year based on pattern trading with it's peers, purely on production / reserves as earning were thrown out the window because all the targets were stale. When earnings came out and guidance was updated with the new pricing it is now trading on forward looking earnings. It's trading like gas is $3... because it is for them until winter. Then it's a $4-4.50 gas ...more

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Comment by Ozhoks on Sep 15, 2022 1:49pm

Sometimes, you comprimise something today for tomorrow. Can it be? What bothers me more is the production number. We should have already seen significant increase. Didn't we have bunch of excess capacity to fill? Enough rigs to drill? Oversized budget to spend? What is missing??

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Peyto Exploration & Development Corp