Peyto Exploration & Development Corp T.PEY

August Monthly Report

[GregC24]

https://www.peyto.com/Files/PMReport/2024/PMRAug2024.pdf

[stockmarket1]

Thx for the link. I didnt find the report all that exciting.  Too me it was more of a tutorial of production.  Then, at end, hope for better pricing in the coming winter.  Nice to read these monthly reports but this particular one was uneventful.  Maybe they're saving it for the upcoming earnings report next week. Finger crossed its a positive report.  As for buying

[Singoa58]

Should be able to get it under 10 soon i think... a very mild winter is forecasted for North America .. hopefully divy is safe but probably will cut soon imo

[houbahop]

I saw rigidity in this report, thought to be a thing of the past... Natgas 2025-2026 futures strip could trade below $2.50/mcf at HH and $2.00/Gj at AECO and it seems like they would not adjust their capex program despite the heavy debt load. This rigidity is Peyto's Achilles' heel.   In the current context,  I will be very patient before adding to my position.

[stockmarket1]

Patient yes, but, you can always begin to nibble when shares have declined at a decent level. One can never catch the exact bottom. Cheaper shares in Peyto result in a heavier monthly deposit. That isn't so bad. Get paid well to wait :)