Peyto Exploration & Development Corp T.PEY

Wow - lot's of price movement

[NonCredibleSrc]

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?

[stockmarket1]

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.  

[Westcoastenergy]

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.

[stockmarket1]

And also...nothing has changed in the realm of Peyto from yesterday,  the day before etc. so... yes...these are nice opportunities imo. 

[houbahop]

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)?

[stockmarket1]

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. 

[GregC24]

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.  

[houbahop]

He said he expect the debt not decreasing. Debt should stay around current levels until the end of third quarter conditional on capex disbursement.

[PlutusofCrete]

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). 

[bttmfischer]

Well, if there is a huge gain, where is the money>

[PlutusofCrete]

What do you mean exactly? Where is the money related to the hedging gains or where is the money related to the share price? 

[stockmarket1]

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. 

[houbahop]

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

[Gmcdonagh89]

Enjoy the ride, a few hills and turns but the .11 monthly divy keeps you happy

[stockmarket1]

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?