Peyto Exploration & Development Corp T.PEY

Peyto Announces Leadership Update

[topdop]

... well, reading this not 12 hours following my earlier - critical - post of Gee, we now see the BoD were also critical and their "push" has now happened. Gee's done.

The fact they state up front that this sudden change was "part of an orderly and planned leadership succession process" is baloney. The fact that they chose to (have to) state as much in the 1st paragraph is all you need to know...

This Company looks like it's being dressed up for Sale.

[ngtraderng]

Over the last year JP has been involved more and more in conference calls and presentations (such as the AGM). It was only a matter of time before he succeeded Darren. Now Darren can retire on a somewhat high note. In my opinion, I don't think this change has anything to do with a potential sale. I don't see a sale any time soon. Nobody can run Peyto's assets better than the Peyto

[Catscratch]

I like that Gee sets the stage for future dividend increases...."I suspect growing dividends will reflect those earnings." Peyto seems to have some of the best operators in the business (as illustrated by lowest cost and growing production).  That said, they could benefit with a top tier capital allocator sitting on top (Mike Rose, perhaps).

[sportstermathew]

I disagree totally. Just look at the presentation PEY does.  It has more info, more research, more brain power than most other companies combined in detail and long-term forcast. Peyto's stock price has done almost similarly to any other out there BNE, ARC, CR, etc.  Sure it could be in the $15 range right now but they don't promote themselves like a lot of others. Yes