Peyto Exploration & Development Corp T.PEY

Peyto...

[stockmarket1]

Time to accumulate shares. Ex dividend approaching and earnings day in a few weeks time. Good time to buy on the slide down.

Cheers

[Quintessential1]

"So,I'll wait until after earnings day to re-assess." Buy now or wait until after earnings?   GLTY and all

[stockmarket1]

Didn't expect a pull back as we saw earlier this morning so I nibbled a bit. I didnt deploy all....plenty more cash awaits. Cheers 

[stockmarket1]

Seeing today how market indicies are performing stongly to the upside with Energy participating. We finally might get cheaper Peyto shares as we appoach the 2nd week in August.  The past month, including today, is showing weakness, which, I think will continue. Cash at hand...

[stockmarket1]

Tourmaline came out with great results  increase in dividends, Free cash flow, reduced debt and yet, shares are on a downside.  That pretty much paves the way for what peyto shares in 2 weeks time. Hold of on buying because I think we'll get a better buying opportunity which increases a fatter monthly dividend.  Cheers...good times ahead

[houbahop]

I'll have my bid ready when PEY trades around $13.50. With patience comes great rewards.

[stockmarket1]

Yes. I'm ready and will load up way below $14. I have a lot to deploy. Can't fricken wait lol... G/L

[stockmarket1]

Yippy!! Shares are sliding evern more today! We're getting there!!! Ample cash waiting to be deployed as my price target buy price might be reached before earnings date. 

[houbahop]

Just bought some PEY at $13.60. 30% of the dividends received in the last year reinvested. Waiting til' $13.25 to add more.

[Singoa58]

You bought way too early    Let the dust settle as im sure its going under 13 next week... beginning of a much needed market correction... divy is no longer safe wiith 69 oil 

[robert41]

Houba are you concerned about revenue as the hedges roll off over the next while. Looking forward to buying back just hesitant I sold way to early a while back at 13 bucks. 

[houbahop]

Hedges are in place for the next two years at very interesting levels. The best in a decade. Who knows where Natgas prices will be at the end of 2025? Until then, enjoying the current almost risk free dividend is worth the wait. My concern is about Peyto's capex program. Its rigidity has proven pretty destructive for shareholders in the past. Spending on capex simply to keep production

[stockmarket1]

I'm pretty sure JP will address this in the upcoming report --- which is a week away. I would hope that some caution would be put forth during these turbulent times. At least reassure us shareholders for the next 12 months or so.  Ps...I wonder if the earlyvmonthly report will be released this weekend? That might shed a bit of light? ? 

[houbahop]

I'm not looking for reassuring words. Natural gas market is in a temporary period in a cycle well known to be tumultous in this industry. I am looking for a vision, an operational flexibility? from a leader in this industry. Decisions taken now might make a big difference 2-3 years down the road....

[houbahop]

When I say flexibility, it means what Gear Energy (GXE) wrote to its shareholders in the Q2 PR. Cut capex, keep current dividends, reduce debt. I wouldn't mind if they reduced the dividends to $0.08/month and reduce debt by the same amount. We'll see August 13th....

[bttmfischer]

having been new to PEV in 2023, I bought 2k at $9.71, but after raading some of the negative posts of the company,I teleohoned Jeab-Pierre a couple days later. Neither he, nor anyone else returned my call for two days. The vening of day two he returned my call, and we had a long discussion. Bottom line: I have no reason for worrying, the dividend is safe. At the end of 2023 I bought more  

[meritmat]

I don't mind hedging. I wish more companies did it.  Hedge what you need to fulfill your debt obligations and let the rest ride 

[stockmarket1]

Me too. I bought today in segments between $13.60 to $13.80 ish. Going into next week, I got low $13' and high $12' s in place.  Today, was a great day for buying. Lots of cash still at bay for next week should it decline. We'll be seeing a lot YO YO price action within the next few weeks, I think. Solid core position while trading around it. That's the plan. Cheers.