Post by
traderfrom on Aug 13, 2024 6:27pm
Flat
I think stock will be up or down 2-3 % tomorrow
Comment by
stockmarket1 on Aug 13, 2024 8:37pm
Unless I missed it but where does it show if debt was paid down? I see a blank area where the debt colum is. ?? If I was a betting man, I think the stock will begin the day in the negative. I found the report to be 50 / 50. I will say this....if theres a positive it peytos hedging .Its kicking butt!
Comment by
GregC24 on Aug 13, 2024 9:02pm
As the payout ratio for the quarter was 107% I don't think debt was paid down. As guided in the Q1 call, debt was expected to increase slightly for q2 but debt is still down from Q4 2023.
Comment by
stockmarket1 on Aug 13, 2024 9:06pm
If it debt didn't climb then I guess that's a positive sign lol.. I still think the shares will start the day in the red. Could be a rough week come to think of it.
Comment by
stockmarket1 on Aug 14, 2024 9:36am
I called it yesterday!! I knew Peyto shares would start the day off in the red! I knew it lol. Same share price pattern as other energy companies who had their recent earning release. Predicatable. We may get closer to $14 or even high $13's before this week is over. Holding onto to ample cash!! This could be good!!
Comment by
GregC24 on Aug 13, 2024 9:11pm
At q1 net debt was $1,339,558,000. At q2 $1,337,577,000. Better than guided during the q1 call.
Comment by
stockmarket1 on Aug 13, 2024 9:24pm
Thx Greg. Bottom line is imho...we need natural gas price to rise up a lot more at some point.