Peyto Exploration & Development Corp T.PEY

Bottom line...

[BlueJay2020]

... the market likes the deal.   Concerns about paying a large divi and then issuing equity at a discount on top of a depressed share price are valid but not material enough to overshadow what is overall a good transaction.

I'm comfortable adding to my position over the next few days.

[Catscratch]

Seem like a very good fit for Peyto both over the short term and long term.  Certainly adds a lot of torque if prices move up.  Repsol was a motivated seller to exit non-core Canadian assets.  Peyto got a good deal.

[PabloLafortune]

I dont mind the dilution or the divi at all. The planned production increase over the next 3 years doesn't make sense to me (but I'm an amateur so take that with a grain of salt) though.  At $10,000 capital efficiency, they would save ~$475MM over 3 years by maintaining production instead of increasing it (less cashflow mind you) which is basically the debt taken on from the

[sportstermathew]

I think the number of rigs is now not how to look at them as they drill several wells from the same rig set-up and they are much faster, drill deeper and further ERH's. This is a deal of deals.   Watch Peyto fly, they are going to turn this short-term production, new, up another 50% to 100% very very quickly at the right time of year too. The gas plants alone are worth hundreds of

[stockmarket1]

I bought this morning on the dip and ready for more in the next few days should it drop. I favor the deal as they're setting themselves for further growth. Nat Gas isn't going anywhere.  If we get a much colder winter than expected. I could easily see Peyto shares hit over $14.  GL