Post by
sportstermathew on Nov 07, 2021 9:47am
So what are our expectations for PEY this Tuesday...
I mean how do you beat this statement?
Peyto’s fall drilling program is in full swing and we’re smashing it out of the park with some very strong well results and operational efficiency.
As we all know, Gee is very subdued when talking about current happenings and results going forward. Maybe a plus $10 stock price has perked up staff and the industry interest.
We should easily exceed our 100,000 boe/d year-end exit target. At the same time, daily natural gas prices recently touched $6/GJ and CAD WTI (a proxy for our Condensate) is over $100/bbl.
Every new day is Xmas Day now. Cold is starting to come into town, frost here this week on the east coast.
2018 to 2020 average CAPEX was around $220 million, now about $360 million with one rig almost or being able to maintain production declines per previous notes. That leaves 4 rigs at reduced costs per boe, into one of the best bull markets of late. Will they be able to maintain these 5 rigs on a continuous basis going forward? You have to think that service companies like to keep their longterm customers happy. All can make money year after year.
End of this week coming up is alreay mid November.
Even Pakistan is having to buy emergency NG shipments at $30mmbtu's, egress is not that much of an issue as supplies have not really built up dramatically in NA.
On top of this we have the LNG's getting closer and closer to home, and the NG generating station in Alberta being built and supplied by Peyto.
No one seems to have any info on this plant at all, and how things are progressing.
So I am cautiously optimistic, with a bent of I want to be here no matter what. Just wish I had more money to invest.
Comment by
Billybabin61 on Nov 07, 2021 12:54pm
Do you have a link to those two statements by the company?
Comment by
sportstermathew on Nov 07, 2021 1:24pm
Peyto's Gee does a monthly newsletter around the 4th of each month. It is great to get some feedback even if minimal, all above board guidance, and add to that the presentation you get a lot more than most companies. https://www.peyto.com/Files/PMReport/2021/PMR2021Nov3.pdf GXE also does a monthly newsletter
Comment by
Billybabin61 on Nov 07, 2021 3:15pm
Hey tks, appreciated! I bought in recently just under 9 and looking at buying more. This thing appears to be ready to take off. I have TOU and well the share appreciation speaks for itself.