Peyto Exploration & Development Corp T.PEY

Div hike or Debt reduction?

[malx1]

Have been thinking for many months that debt reduction was the prudent allocation of capital before materially increasing dividend.

Maybe these guys are capable of juggling knives.

Time will tell.

[stockmarket1]

Maybe they were banking on Nat Gas prices staying high along with a cold winter. As of now, both scenarios are not happening. Yes, time wi tell. 

[houbahop]

Once again, we see how natural gas producers are flooding the markets with Natgas. They increase the number of rigs in operation, produce more gas to benefit from the short term high prices and by over supplying the markets, they reduce the value of the previous wells drilled and operating. The result will bring natgas price to under $3, and wipe out billions of shareholder value. This is how

[stockmarket1]

The energy sector has always been manipulated and cyclical, and will continue to be imo. Peyto, was Ross Healy's top pick on BNN market call very recently. Many analysts are bullish on energy going into 2023. What I've learned in my years of investing is.... whenever the street as a whole are bullish. Too me, thats a good reason to be cautious. Energy shares as a whole have tanked since

[malx1]

Looking bigger picture. Oversupply will be a short-term NA problem, this is really the early stages of NA producers displacing Russian producers.  IMO Germany moving BASF to Louisiana. Early stages...  fellas https://report.basf.com/2021/en/managements-report/forecast/outlook/investments.html Just the beginning. My concern has always been Liberal Elites influencing banks to stop

[Yasch22]

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[malx1]

  Alberta suffered through 8yrs of recession, a year of and half of consecutive quarterly NEGATIVE migration, countless businesses going bankrupt and many just barely hanging on, workers going bankrupt, 180,000 energy sector related jobs lost, and you want to even mention Liberals and Albertans in the same sentence. After all that the Feds offered $1B to Alberta, earmarked for cleanup of

[Yasch22]

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[houbahop]

Well said Yasch. May I add Trudeau is asking the O&G sector to clean their act in order to save albertan from destroying their own environment. I remember seeing adds on TV from the Tar Sands Industry, saying the industry is not polluting the environment. They thought canadians would be so stupid to believe, by repeating the same lie, they we would believe it! A lot of fake news about the

[Oldnagger]

Well Yasch, it is always refreshing to have an alternate view of history, Can you imagine those Crazy Albertans plus most if not all the Chief execs of the Western petroleum industry disliking Trudeau's energy policy ? Anyway, no matter , The nat gas industry will flourish and prosper irrespective of everything else. A simple matter of physics and economics. The only risk is a return to more

[Quintessential1]

Well look who is worried about windfall taxes all of a sudden! The old sandbagger. Just a reminder that the Liberals are the only western government not only not talking about imposing a windfall tax but have actually come out and stated that a windfall tax is unnecessary and would be counter-productive to inflation and the economy as a whole. Let's not praise them for that.  Let's

[fullyautomatic]

I can't resist. Your point #5 re: carbon taxes... If you truly beilive that 80% of people benefit from the carbon tax, well then I'm not sure we could ever be on the same wave length.. The carbon tax is built into every single widget you purchase as every hand that it touches in the chain is affected- I'm sure you know this, how can you agrue that it is a benefit? I see it as a tax

[Oldnagger]

Mother nature gave us Carbon . Every last atom was provided to fossil fuels from the atmosphere. Now extinct creatures by the gazillions were able to survive when all that carbon was in the atmosphere. They didn't organize and impose carbon taxes nor did they drive Government subsidized Teslas . Amazing isn't it ?

[Quintessential1]

LOL.  This is one of the most uneducated things I have ever heard you say. I am not correcting it.  I am just going to let it sit there and laugh.  

[Oldnagger]

If you think about it long enough, you are obviously the descendant of one of those slimy carbon sucking creatures . Have Fun  !!

[Quintessential1]

No doubt the Slimy Galapagos Fern.

[sportstermathew]

Have not been on the board for days, saw all the posts and thought something was going on with PEY. Thought I was on the wrong board. Mid Jan coming up fast. God I would like to find out something interesting.

[Oldnagger]

As you may know, the early earth was devoid of oxygen and had an atmosphere that was high in methane. What changed all this was the arrival of Sponges. So perhaps history is merely repeating itself !!

[Quintessential1]

Sponges removed the methane huh?  LOL   tell me more

[Nakate]

nope not sponges, oceans were rich in iron way back when then an organism that ate all the iron and produced 02  by oxidizing the iron and created the first green house gas  that eventually killed the organism that made the 02, oops, aka climate change those that don't pay attention to history are doomed to repeat it lol

[Quintessential1]

I know you were responding to Yashce and so I will let him defend his own statements on the carbon tax although I do somewhat agree and will say I think a carbon trading sxheme ( a la Quebec) would be more beneficial to all. I wanted to comment about your wood heating boiler.  I have a wood burning appliance or two myself and do find myself firing them up occasionally to offset my gas bill.&

[Yasch22]

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[fullyautomatic]

Yasch, I really do have amazing neighbours, all long time landowners, farmers, cattlemen and skilled tradesmen. Not one complaint from smoke, mind you my nearest neighbour is at least 1 mile away.  I've got about 800acres of treed pasture land so we collect deadfall all summer cut er up and throw it in. No control boards to repair or digital equipment to trouble shoot as there would be

[Yasch22]

This post has been removed in accordance with Community Policy