Peyto Exploration & Development Corp T.PEY

Guess

[Ozhoks]

What is your guess on Peyto's stock price at the end of this year?

[auagntungsten]

$14.35 I'm holding for the dividend.

[Yasch22]

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[perplexed01]

hi Yasch,  i know even your guesses must be based on sound analysis - could you share how you arrived at these numbers?  i can only look at the at the chart with a support in the mid $8 range oct/21 that should (hopefully) hold given improved fundamentals and it's hard to imagine a breakout beyond the ~$12 high this year given more uncertainty. do you see any significant revenue

[sportstermathew]

HI have to guess that PEY did some hedging during the highs. This will bode well for the next several quarters. On top, extra income during winter months at $4 range for new production, not $6 but I think most of us would take it. Positive changes taking place in the marketplace longer term with LNG in US and Canada eventually, who knows how much it will help.  On top the new NG Electric

[TerribleEng]

Given Peyto's hedges, right now it's about the long-term futures curve, at least in terms of fundamentals. I have seen basis deals signed for around 80-90 cents to NYMEX recently. NYMEX is $3 or better terminally, out to 2026. Peyto will print money at those rates. They are currently hedged 70%, and at some pretty low prices. The AECO curve has come down a lot, but we are pretty much

[Yasch22]

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[Resigned2019]

As others have said, there are too many variables to make any sound prediction, but given that in short term this stock seems to track NYMEX in spite of the hedges, my belief that traders like volatility, and looking at the last 4 months of the stock chart, I could see this cresting just above $13 before year end, only if the weather forecast of a US cold snap in the second half of the month is

[houbahop]

Very tough call because of current volatility. Stock price went from $8.50 to $12 in a little more than a month during the last cycle. And currently, from $12 to $9.50 and through the supporting trendline of the last upward move. Peyto is still in a long term bullish cycle supported by strong fundamentals of the NatGas industry and by Peyto's more specifically. This downward trend could see

[Ozhoks]

Very beneficial replies, thanks all for open explanations.  Peyto does not deserve a sp<$10 closing this year, imho. Management has done whats needed to be done and should be rewarded by investors. So, I feel that highs and lows of sp of this month will guide investors attitude towards Peyto for the next year.  I expect a >$10 closure of year end, and a rally from Jan thru