Peyto Exploration & Development Corp T.PEY

As expected......SAVED by Repsol...!!!

[mrmomo]

BUT BARELY...........


As previously mentioned, due to the "increased" production by the Repsol acquisition,  Peyto bascially pulled in the same amoint of money they did this quarter, that they did in previous quarters BEFORE they increased their output by 30% with Repsol. It'squite deceptive & kniving on the behalf of Peyto mgmt BUT these guys are "desperate" to hold on to both their divvies & whatever investors remain.......SoOoooo......they are willing to do anything to keep both of those going for as long as possible....

So if you DID NOT know what to look for here OR the history of the company.......you'd probably "falsley" think these results were stellar lol......Which of course they are NOT. They are quite dismal when the overall picture & outlook is taken into consideration & CAREFULLY analysed! Which your friendly neighborhood Momo has accurately done for you guys.....FREE of charge!!.. in the past few months.....

And BTW they wayfor those thinking posting crazy crazy stuff......stuff like these idiotic Canadian analysts & investment houses........pumping Peyto.......predicted it to go to 18.....or $22 .....LOL......Let me just reassure you with some "basic" common sense.......NOT this year or the next or the next one after that one.....LOL........inother words not for SOME time and definitely NOT while gas pricesare in the gutter below $3 and Trump is about to overtake the Whitehouse & then set to implement his "AmericaFirst" energy policies.......across the board!!!!!!!!!!!!!!!

In this environement......you will not see anything close to $22......BUT you may see something similar/close IF you move the decimal point over a spot to the left lol! Not convinced....just yet? We;;....for you hardheaded folks.......it may take a bit more "screw twisting/tightening" before you finally say uncle..........and eventually tap out! And that may be THIS year when these Canadian ep's get cut in half.....from current levels! .....for the majority of you......

For the rest of you......i guess going down with the ship IT IS.....as it was "nearly" in 2020 ...lol

GLTA

[Westcoastenergy]

I suggest you go back and actually read the latest numbers.  Cash flow per share up.  Yes, there is doom and gloom with some gassy companies, but PEY has done a great job hedging, or did you miss that part of the realized pricing?   I am up 45% on my investment and that doesn't include 2+ years of massive dividends.  No complaints here.   Too bad you didn'

[houbahop]

Peyto is in my top 5 performers since the beginning of the year. From $12 to $15.75 plus 5 dividends of $0.11. 36% in less than 5 months! I would not mind to see the shares stay in the $12-$16 range. The dividend is safe for the next 18 months and the strong Contango of the Natgas strip provides nice hedges ($4 average) for 2026. Hopefully, PEY will trade back down to $12. The dividends are

[Nakate]

Divi is getting a little weak lol might have to look elsewhere  for a better yeild. Go Peyto

[Westcoastenergy]

Nice rally today to $15.77. Mr. Momo, was that you getting out of your shorts...lol The market sentiment on PEY is definitely leaning one direction.

[stockmarket1]

Should natural gas price rise even more. I wouldn't be to surprised seeing peyto shares edging $20 a share as we approach fall 2024.  My opinion, of course. Not sure if anyone else would somewhat agree. 

[wreckhouse]

My opinion, of course. Not sure if anyone else would somewhat agree.  I will back you on that .  With Cascade ramping up and the news out about ATCO building a pipeline on Peyto's doorstep /leases. I am sure the swivel chairs in board rooms will require some greese with Peyto in the Lime Light.  Their best bet with extra profit this year is paying down debt . Come 2025 first qt

[GregC24]

Won't be a lot of debt paid down.  Debt might increase the next two quarters    "in terms of free cash flow for the balance of the year, I'm wondering if you can help us sort of triangulate where you see your free cash flow profile going in the balance of 24? Well, we don't typically guide specifics on that. But generally speaking, we will with

[houbahop]

If they keep the capex program around $450m for 2024, there won't be any debt paid down in the next two quarters. Imo, they should reduce it closer to $400m. There is no value in selling gas from new wells below $2/Gj. But there is good value in paying down debt. Not the first time Peyto is in this situation. Unfortunately, they have shown they rather spend crazy on capex in low commodity

[auagntungsten]

How much of the production, % feed stock, will be increased by Repsol's takeover? What % of  peytos supply is the Cascade projection, ie: new sales?  

[GregC24]

"I know many are wondering about the status of the Cascade power plant and when we're going to start selling gas to them under our contract. As a reminder, that contract is for 60,000 GJ's a day or about 52,000,000 cubic feet a day over the next 15 years and it will start once they are fully operational. We have pressured up our pipeline that connects the gas roughly to

[malx1]

LNG introduces a structural demand shift in demand.     I'd say you're "spot" on.  Hi quality NG producers will get bids from institutional money, the guys always late to the party.     Ask Nukester.

[malx1]

Wow. This momo woman is as dumb as Freeland.