RE:Great stock Notwrong,
I fully agree, as you have observed, that Peyto is a "Great stock". Shareholders get great benefit from a truly excellent management team that has grown the company most impressively through the drill bit during 13 years (with the exception of the Open Range acquisition in Aug. 2012) and has operated consistently in the top performance quadrant.
However,
I caution against your stated opinion that "This stock will continue to go up and up and cannot lose going into the future." ......I respectfully remind that when some events occur "the Great" can go down with the "not-so-good".... recall :
- On August 2, 2005 Peyto traded at $33.90 but in March 2009 it traded below $10 and on March 11, 2009 it traded briefly at $6.21
- On December 20, 2011 Peyto traded at $25.38 but on April 19, 2012 it traded at $15.01
- There was wise deliberate"buttoning-down " of CAPEX investment by Peyto, during 2007, 2008, 2009 timeframe.
- On the infamous Halloween announcement by the Ministry of Finance(about Canadian Trusts regulation) Peyto, dropped $5 per unit overnight.
I believe that we are very privileged to have a monthly public message from Peyto's CEO Darren Gee and to have Don Gray as chairman.
I estimate that the Revenues in Q4, 2013 will be in the $170 million region compared to Q3,2013 actual of $133.573 million and so therefore only raising caution based on potential events that Peyto cannot control,
Peace,
Good Decision-making to All,
ElJ
This stock will continue to go up and up and cannot lose going into the future. Just an opinion.
This stock will continue to go up and up and cannot lose going into the future. Just an opinion.
Read more at
https://www.stockhouse.com/companies/bullboard/t.pey/peyto-exploration-development-corp?postid=22067749#Zp1sSG1tji5WuSO6.99