Various optionsSo what can we expect over the next month or so?
What options do we have as investors in Peyto?
What are our expectations of Peyto and the Industry?
First I have to say even though we all had reasonable expectations taking into
consideration the 3rd quarter may not blow the doors off other than a small
percentage of production bringing in recent numbers.
I had a goal way above my level a month or so ago, for the end of the year.
Well, I passed it today already. Not a lot of PEY's help to say the least. Mostly from CR.
Sold a bunch of CR today all the way up, and bought FRU, PEY, and VET with a little cash left over.
The way I look at my account is how many shares of PEY can I buy with 100%?
So can we expect little to no appreciation before earnings with either little growth after, or a good meaningful jump due to a few surprises? Great drilling I am expecting. Costs somewhat muted as mentioned by others. We all are feeling the pinch of inflation from shortages and high demand and lower supply of materials. I mean come on $7 for a squash?
Are many expecting cold weather maybe? higher prices around the world especially in Europe? I am sure most Canadians could not afford their prices.
Are the greenies going to continue to help us along, pushing for less production,drilling, pipelines, fracing, trucking, LNG and ships? Great for prices to say the least. But what they did not count on is they got what they wanted so it will also cost them to drive, fly or take the train to protest. Their food and other costs will also go up as a direct result of their ridiculous demands.
Another 50% and I start putting money away to pay off all debt as I move up. I think this is doable by March should there not be interest rate increases nor a major market correction. Just too much money around it seems for this to happen. I mean 1% or 3% most don't care and will still look to the markets to get higher returns.
But what do I do when I hit my ultimate goal? Still invest say 25% in oil and gas?
Invest most of the rest in reits etc. and banks for income? or companies like FRU where I would get the best of both world's, income and possible growth?