RE:More of abnormal warm weather until ChristmasThat would have Peyto at a 13% + yield. That would be even better and a nice christmas gift for us on long term holders lol. But I expect that yield to arrive in early 2024 imo. Anyway, bring it on! I'll have plenty on cash by the time that price yield arrives. It's now broken key moving averages so, ya..... more downside in store. On the sidelines I stay.
G/L
houbahop wrote: As posted by NOAA, december 8th:
https://www.cpc.ncep.noaa.gov/products/predictions/814day/814temp.new.gif
And producers increasing the number of rigs at work, it is a perfect setup to
bring Natgas prices to record lows, sub $2 during winter months.
It will be interesting to see if Peyto maintains its plan to increase production and sell it
under $2/Gj. Hopefully, they will have a Plan B to address the situation, instead of trying to grow it
in a poor environment like they've done in the past.
Now, maybe its a good time to minimize capex dollars to have some flexibility for a future buyback of shares or a debt reimbursement.
Odds of seeing PEY trade at $10 increases week after week.