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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

Peyto Exploration & Development Corp > Wow - lot's of price movement
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Post by NonCredibleSrc on Jun 13, 2024 12:19pm

Wow - lot's of price movement

Lot's of price movement downward for most in the energy sector today. Been looking for any related info and can't pin it on anything tangible as of yet.

What have I missed? What are we overreacting to today?
Comment by stockmarket1 on Jun 13, 2024 4:25pm
The TSX got whipped today hence the sell off. Regarding Peyto? I personally think it was an excuse to profit take. Look at Peytos Yesr to date and 1 year return. 23 and 38 % return. Plus the monthly dividend.  Not too shabby in a big way. I'm looking for better entry so I can load up even more. Down days like today are full of opportunities.  
Comment by Westcoastenergy on Jun 13, 2024 4:40pm
agreed Stockmarket1.  Good opportunity to buy in some very good names for much, much less than 10 days ago.  Dividends remain very bullish in the sector.  I am buying all I can afford.
Comment by stockmarket1 on Jun 13, 2024 6:24pm
And also...nothing has changed in the realm of Peyto from yesterday,  the day before etc. so... yes...these are nice opportunities imo. 
Comment by houbahop on Jun 13, 2024 7:38pm
AECO spot is now trading at $0.60/GJ Even with all these nice hedges in place and limited exposure to AECO, I hope they are keeping CAPEX at minimal. I'd rather see them using extra free cash flows to pay down this debt having close to 8% interest rate. I am still piling on dividends waiting for the righ opportunity to add some more. Could PEY trade back down to $13 (10% dividend yield)?
Comment by stockmarket1 on Jun 13, 2024 9:03pm
In my view? $13 Will be seen if their next earnings report is lackluster and debt increases.  Should that occur? I'll be unloading A high percentage of my shares. In this current market. Once your in the penalty box...you ain't getting out for a long time. 
Comment by GregC24 on Jun 14, 2024 7:37pm
Seeing how the CEO said he expects debt to increase the next two quarters you should probably start unloading now then before a bigger drop.  
Comment by houbahop on Jun 14, 2024 8:04pm
He said he expect the debt not decreasing. Debt should stay around current levels until the end of third quarter conditional on capex disbursement.
Comment by PlutusofCrete on Jun 14, 2024 3:35pm
I don't believe Peyto sells into AECO - their marketing is fully diversified. Given they are sooo significantly hedged you can essentially calculate their earnings (huge hedgebook gain). 
Comment by bttmfischer on Jun 14, 2024 4:47pm
Well, if there is a huge gain, where is the money>
Comment by PlutusofCrete on Jun 14, 2024 5:44pm
What do you mean exactly? Where is the money related to the hedging gains or where is the money related to the share price? 
Comment by stockmarket1 on Jun 14, 2024 8:19pm
And why is Peyto under $15 again for the 6th or 7th time since May of 2022 and not close to $18 per say?  Seems like it has no problem whatsoever to drop precipitously but, gaining a dollar or 2 is like taking blood from a stone. 
Comment by houbahop on Jun 14, 2024 9:08pm
I shall try to answewr this one. Current BoD, helped by some decisions taken in the past, brought share price to $1. This near death experience reduced considerably Peyto's goodwill in the eyes of long term shareholders. The burden of proof lies on their flexibitity dealing with the volatile natgas market they are operating in. In the current natgas market, where would you put the available ...more  
Comment by Gmcdonagh89 on Jun 16, 2024 6:57am
Enjoy the ride, a few hills and turns but the .11 monthly divy keeps you happy
Comment by stockmarket1 on Jun 16, 2024 8:48pm
Yup, like everyone here who holds Peyto. We all got our divy deposits this weekend. With that said...I'll be buying more shares now that it's off its 52 week high.  Why not, eh? 
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