Peyto Exploration & Development Corp T.PEY

Almost

[shenty46]

Almost 3/4th of the production for this quarter is hedged at $4.19 mcf, and almost same quantity for next quarter and year at $3.91, apart from Cascade revenue coming from next quarter. This fall in ng prices will be reversed within a fortnight when a delayed winter kicks in

[Sukhi19]

Market moves by sentiment  not logic. Hence the SP will keep falling till NG prices keeps sliding. If you are taking a minimum of two years view, PEY should be OK. But with global warming who knows what is going to happen. PEY has slashed the divi in past. If NG moves below $2, they may have to cut it again. Fingers crossed.

[Quintessential1]

The market moves on sentiment until logic prevails.   A dropping commodity price will cause the share price to keep dropping until the ER numbers can prove out that the company is making enough money that the dividend is indeed quite safe. Global warming may reduce the winter heating requirements or not as the shifting weather patterns are sending arctic cold into regions like Europe

[stockmarket1]

It's keeps dropping by the day. Everyday! The way this is going, I see peyto dropping below $11 very soon. Which would then bring a yield of12% and more if it c9ntiues to drop below $11. We could very well see a dividend cut if no recovery occurs. The current path for peyto right now is not good. Time for me to lighten the shares here, I think.l before it gets worse.  Your capital drops

[earlybird_787]

Sounds as though you're beginning to panic which is what retail investors love to do. Has anything fundamentally changed with Peyto? I don't think so..... even the technical charts are showing that the stock is way oversold. The next quarterly financial statements will show some huge gains on the hedges.

[OGInvest0r]

Just bought 10,000 shares at these ridiculous prices. Thank you weak hands. I'm locked in now for a decade of amazing gains and divvies. Go Pey!

[oldbrit34]

PEY came on my radar a week or so ago.With the help of hindsight the chart seems to show that it was overbought at $15.15 having had a roughly 40% run up . We are also in Tax loss selling season and we may well see it breaking $11 before it stops as you point out. If I was holding PEY I would be looking to buy more not sell in order to average down. I cannot see anywhere that the fundamentals have

[OGInvest0r]

I believe the ratio is around 65 percent based on my own research. But others can chime in here. It's a sustainable dividend for at least the next two years with their hedges and guidance so that's good enough for me! 

[oldbrit34]

Thanks OGI...... good enough for me too.

[OGInvest0r]

The way I see it is if you have a 5 plus year time horizon this stock is a no brainer at rock bottom natural gas prices and a handsome div yield. Even if you just wait out the noise you make back your investment in around 7- 8 years (with drip). They have paid a dividend of some kind for many years so they are committed to rewarding shareholders. The day traders can do their thing while we wait

[Sukhi19]

Inventories keep going up and down. NG prices will fluctuate. Stay focused  on the hedges whichare 68%. Cascade Power will add up to the hedges postions. PEY is well prepared to tackle the low NG prices likes of BIR are not. People sticking to divi BIR since ex divi date for quarterly divi is next week.

[Quintessential1]

I have heard here before that the cure for low prices is low prices.  Keep an eye on the rig count. GLTA

[parcheg]

Old: one web site indjcated 73.33 % layout....plus a nice runway looking forward 

[Quintessential1]

The share price dropping certainly increases the yield percentage but it has nothing to do with PEY's ability to keep paying their dividend.  We have been discussing buying not selling.  Selling should have occured long ago unless of course you are just using it as dividend income and then who cares?  PEY's share price has been below $11 before (this year in fact) and they

[houbahop]

Hey Shenty, I sincerely hope you lighten up on you options. As for Cascades, at current AESO power pool price, Peyto won't get close to the $10/Gj suggested on Peyto's presentation. Reality is, there is way too much energy in the system. It will be very interesting to see the new weather forecast from NOAA. Will winter begin in the US? If not, the next down leg might shake off some PEY