Peyto Exploration & Development Corp T.PEY

5 rigs

[wreckhouse]

Some folks will be very happy when they hear the results that's coming in from the 5 rigs that are drilling ! my ear was close to the ground and the mad trapper from kakwa river was informing the loggers working in the area . BCRNW

[wreckhouse]

Just made me smile with the last news update ! News from the trapper is worth a case of good xmas cheer . If this keeps up we will see a .04 increase in the New Year . BCRNW

[malx1]

Maybe a case of xmas beer. Nice work.

[MikeySwoosh]

I'm not trying to be a wet blanket, but just an FYI...Peyto has only been running four rigs since last week (before the Q3 report). They were operating rig 438 from Ensign as well prior to that.  https://riggertalk.com/drilling_rigs.php Search for Peyto or the Ensign rig directly. Anyway, nothing to worry about if the budgeted 2023 exit production of 120K (organic) BOE/day is achieved.

[newcoin]

Mr. Swoosh, I am new to PEY so not familiar with the mechanics. What exactly do you mean by the company not being engineered to be a beta play for dividends or capital appreciation? Please explain, I really want to know what you're thinking.  

[MikeySwoosh]

Newcoin, I was just suggesting that Peyto runs a much more conservative ship compared to a lot of their peers in the industry. They hedge a good portion of their production (more than most) and mostly stick to their knitting as far as what they do, and where they do it. They don't do anything transformational, as far as acquisitions or how they may spend their capital, which isn't

[newcoin]

That's a great answer, Swoosh, and I thank you for it. I'm looking for a stable dividend producer with a positive future. I think PEY fits the bill. I'll also check out BIR.

[wreckhouse]

Morning Mike ,the first post on the 5 rigs was sept 14  !  The mad trapper from Kakwa was heard telling the local loggers that the PEYTO investors will be happy in the next 1/4 . And the trapper was 100% correct , all good here . BCRNW