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Bullboard - Stock Discussion Forum Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s):  PEYUF

Peyto Exploration & Development Corp. is a Canadian energy company involved in the development and production of natural gas, oil and natural gas liquids in Alberta's deep basin. The Alberta Deep Basin is a geologic setting situated on the northeastern front of the Rocky Mountain belt in the deepest part of the Alberta sedimentary basin. It acquired Repsol Canada Energy Partnership (Repsol... see more

TSX:PEY - Post Discussion

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Post by stockmarket1 on Jan 19, 2024 11:28am

Nat Gas price.....

As i write this....down 23% for its January 12 high of $3.36.

Currently $2.57. Wtf happened? I guess this is where the hedging program kicks.
Comment by houbahop on Jan 19, 2024 11:44am
World markets are flooded with gas and trading at multi years lows, TTF, JKM, HH, AECO, etc. And big producers are pumping gas out of the ground at record levels. I think natgas will be out of flavour for a big part of 2024. Shareholders will get hurt with this. Peyto is doing very well, thanks to their hedges. Hopefully they will keep capex low to prevent them from taking new hedges in the ...more  
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