Peyto Exploration & Development Corp T.PEY

More of abnormal warm weather until Christmas

[houbahop]

As posted by NOAA, december 8th:

https://www.cpc.ncep.noaa.gov/products/predictions/814day/814temp.new.gif

And producers increasing the number of rigs at work, it is a perfect setup to
bring Natgas prices to record lows, sub $2 during winter months.

It will be interesting to see if Peyto maintains its plan to increase production and sell it
under $2/Gj. Hopefully, they will have a Plan B to address the situation, instead of trying to grow it
in a poor environment like they've done in the past.

Now, maybe its a good time to minimize capex dollars to have some flexibility for a future buyback of shares or a debt reimbursement.

Odds of seeing PEY trade at $10 increases week after week.

[stockmarket1]

That would have Peyto at a 13% + yield. That would be even better and a nice christmas gift for us on long term holders lol. But I expect that yield to arrive in early 2024 imo. Anyway, bring it on! I'll have plenty on cash by the time that price yield arrives. It's now broken key moving averages so, ya..... more downside in store. On the sidelines I stay.  G/L

[houbahop]

Not sure if it will trade there, but with all these hedges in place, it would sure be a nice risk/reward trade with 13%+ dividend yield and upside potential. I keep some powder dry...

[Quintessential1]

Yeah given the forecast it was odd that this EIA report happened: December 7:   Today’s EIA weekly nat gas storage report printed a draw of -117 Bcf, larger than the 5-year average of -48 Bcf and a much larger draw than survey averages of -105-110 Bcf.  The draw decreased supplies to 3,719 Bcf and decreased surpluses from +303 to +234 Bcf. https://natgasweather.com/ They

[houbahop]

I was also very surprised by this latest draw. Those surprises seldom happen two weeks in a row. We'll see next Thursday.