Peyto Exploration & Development Corp T.PEY

Earnings report..

[stockmarket1]

Doesn't look that solid imo. I see a few negatives. Why is the net debt left blank ? Unless I'm missing something? Lower share price  buying opportunity definitely coming imho. Hold onto your cash...

[Sukhi19]

Yes. Lower production and earnings. SP would suffer. Hopefully not much.

[stockmarket1]

Probably between 15 - 20% downside from current price. Yup

[stockmarket1]

I'm really hoping to snap up a lot between $11 - $12 range. Fingers crossed. 

[malx1]

Calm down, champ.    Get your chin up.    We are trading around 2.4x 2026 cash flows.    Stock has high probability of doubling from here.      Only ones upset tonight are the day traders.       $25 to $30 a share a few years from now.    Will take some time.  LNG, baby.  Just ask Japan and South Korea

[ElJ]

Long-term Peyto investors can very well recall the dark, challenging days in the region of $1 per share, accompanied by Debt Covenant issues and over ambitious growth strategy. A "rewarding glow" comes with the extract  below from the Q3, 2023 report which is clearly worth both serious consideration and appreciation: "This past October marks the Company’s 25th anniversary

[stockmarket1]

A classic patience is a virtue story. Love it and priceless! 

[sportstermathew]

Most people never heard of Peyto in 1998. I am not sure the first time Royal Bank followed them, but I purchased some in 2002 when they did a report that was extremely positive, almost a double I think in it. Kept buying and buying.  Did well at the time but the Income TRust debacle really made a mess of things. Tech was just getting started back then.  Have you seen any dry wells

[earlybird_787]

During the recent Earnings Call it was mentioned that Cascades was slightly delayed but it should be up and running in Q1/24.