Peyto Exploration & Development Corp T.PEY

Dec 2023 report...

[stockmarket1]

Great report and happy to read that the Repsol drill results are better than expected. Lets hope Peytos next earnings report is better than the streets expectation.

[earlybird_787]

The report indicates that the fundamentals for Peyto are fine. Eventually the share price will skyrocket when the market comes to its senses. 

[Quintessential1]

It would not be hard to beat the street.  I am just happy to see progress with a hint of optimism. Nice to see all four rigs turning (what happened to the fifth?) and making hay before the big snow flies.  Hopefully tie-ins can be completed before there is a deep cold forced shutdown. What I liked from the report is that even though production is at its highest, the liquids percentage

[houbahop]

I am hopeful they will keep the fifth rig in storage and simply keep production at current level (125k boe/d) and payback some debt. AECO prices for 2024 are mostly below $2.10cad/Gj except for Nov-Dec. With the Repsol acquisition, some production will be sold at spot, with no profit margin. They have proven in the recent past that growing production in a flooded market and hedging it below $2

[Quintessential1]

I knew I didn't just dream up a fifth rig.  Perhaps storage is the best place for it until prices improve. Is there enough revenue in 125k boe/d to pay for everything and debt too? In the monthly report I also liked that that they are way ahead in meeting methane reduction limits. I have always felt that the production could be cleaner than the product and it would make it more

[houbahop]

"The question remains:  Where is the bottom?  Where is the bounce going to happen?" Don't we all know we'll have the answer weeks after the fact? The real question is: Where to buy some shares when the risk/reward is there? The dividend yield is not a parameter in finding the answer, in my book. Actually, it could be your worse ennemy if the EXPECTED probability of a

[Quintessential1]

I find myself agreeing with a lot of what you are stating but I do have another question. If we are not aiming for the bottom here,  what are we keeping the powder dry to buy? GLTY and all

[stockmarket1]

As we all know the bottom is never achieved day to day but.....If u believe in Peyto longer term? Then that is where the power of dollar cost averaging comes into play.  

[bttmfischer]

What makes our decision making more difficult is that the 52 week high and low are shown at the close of the TSE/NYSE.  For instance the 52 week low is shown as $10.28 for PEY, while I did buy 2k at $10.71 CAD, as I posted previously. I was lucky, because that price was only good for  a couple of hours, as I recall. So If  the retail investor wants to catch the low of a stock, he

[Quintessential1]

Meh.  just say you bought at $9.71 and  problem solved. (142) ••• Comment by bttmfischeron Dec 01, 2023 5:51pm 69 Views  Post# 35764527 RE:RE:RE:RE:RE:RE:RE:RE:Dividends Never Make up the Losses houbahop you did say that $10 would be the bottom. That was my reply to confirm it

[Quintessential1]

I will dollar cost average down when I have missed the bottom and the share price falls way further down than I thought it would go which means I totally missed the bottom or some kind of black swan event occured.   But picking close to the bottom right off the bat is way easier and much more satisfying. GLTA