Peyto Exploration & Development Corp T.PEY

PEY's SP rising inspite of lower O&G prices.

[Quintessential1]

This seems fundamentally backwards to me.

Was $12.41 the bottom for this trading cycle?

If it was it would lend pretty good credence to Houba's chart and buy prediction.

I don't care if you use tarrot cards, voodoo or santeria to predict the stock price if it works.

Was that the bottom?

GLTA

[houbahop]

I didn't call $12.50 the bottom, Quint. I see $12.50 as a support level. It could go through on the down side if Natgas resumes its downward course or any other negative event. For the time being, participants feel ok to buy at this level if everything else remains stable.

[Quintessential1]

Understood Houba and I did not say that you said $12.50 was the bottom. I asked if $12.41 was the bottom for this trading cycle and I guess I used "trading cycle" for lack of a better term.  What I meant by trading cycle is the period between significant highs and lows that can be traded for profit.  PEY seems to have one or two of these periods between ERs or quarters. Right

[houbahop]

I am not in possesion of the true. Obviously, its a game of probability (statistics) and this is only an exchange of point of views. Looking at the new climate prediction from NOAA: https://www.cpc.ncep.noaa.gov/products/predictions/814day/814temp.new.gif it looks like it will pay to wait before adding some PEY shares. Abnormaly hot weather accross the US until Christmas and inventory/storage

[Quintessential1]

I agree it is an exchange of point of views and the more point of views the better.   Well I agree that the forecasts points to lower gas pricing for the near future I am keeping in mind that the recent acquisition and production and reserves additions will not really be digested until the next monthly report.  It could very well be the swing factor as I believe (and I think you do