Peyto Exploration & Development Corp T.PEY

Other Gassy stocks

[sportstermathew]

Hi guys,

I wonder if anyone owns PNE Pine Cliff Energy, mostly NG, 21,000 boe/d will be debt free soon.

Wish I had known last summer like most we all own.

Very long reserve life too albeit a different animal.

Thoughts?

[fogduckker]

[fogduckker]

Oops,   I read lots of posts but rarely post.  My thoughts are that I think PNE still has more gas in the tank, pardon the pun. My understanding is that they are completely unhedged. There was also some recent insider buying above the dollar level for about $500,000. PNE got near to my sell target very fast but I think the dynamics of Nat gas have changed dramatically in very short

[Ganga22]

Fogduckker, it would do you good to research what CO2 does.  Fact, it is not, I repeat, is not the driver of climate change.  We get rid of CO2 and all plant life will die. Having extra in fact helps and gives us more area to farm in Canada.  Do your research!!

[MagicPinstripes]

Sportster, I am a former owner of Pine Cliff. I had about 50,000 shares worth that I sold off prior to their earnings and turned around and bought Birchcliff - which was substantially off its 52 week high. I made a really nice profit on the sale with PNE at its 52 week high (it has now since gone higher) but my investment into Birchcliff has advanced at a greater percentage than PNE comparatively

[sportstermathew]

Thanks, I did not see the OpExpenses number but knew about the abandonment costs, the spread of properties etc. I think once the current inventory of old wells is cleaned up it won't be as much of an issue.  Similar to PEY the wells they have producing are long term thus fewer per year to clean up down the road. Just wanted to try and reproduce something similar to CR but at a lower

[MagicPinstripes]

I hear you - I'm also heavily invested in Crew and I too was also looking for producers where you'd find a lot of value. I thought Pine Cliff would fit the bill, but without the growth plan like Peyto, Crew, Birchcliff, etc. and seeing how their OpEx has been steady for the past few years around 85-90m without adding production to offset those expenses, it just seems like they're