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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

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Post by houbahop on Sep 30, 2024 10:36am

$15.25 traded up

Looks good for a bullish close!
Comment by stockmarket1 on Sep 30, 2024 10:45am
What's driving peyto shares up so aggressively all of the sudden? 
Comment by houbahop on Sep 30, 2024 11:06am
read my previous posts. All planets are perfectly aligned! High safe dividends, for the next 18 months anyway. High volume shares trading. Natgas prices rising from their summer lows. $15.25 resistance broken. EQT, CHK and TOU, the biggest Natgas producers in an uptrend also making upward moves today. $16 should be an easy target to hit in the coming days.
Comment by meritmat on Sep 30, 2024 12:48pm
One analyst increased the share price to 18.50.  
Comment by stockmarket1 on Oct 01, 2024 10:10am
As far as it looks as of now.....looks like we might have another 2 million shares traded by day end.  7:10 am pacific time and we're already almost at 700K. Peyto shares are looking good. We might actually hit $16 soon. 
Comment by stockmarket1 on Oct 02, 2024 10:58am
I reduced some of my holdings in Peyto this morning.  Couldn't resist profits. I'll reinvest at a lower price than today. As we reach $16...Lower prices will be inevitable.   G/L 
Comment by Westcoastenergy on Oct 02, 2024 11:03am
As I have indicated in the past, your trading of PEY intrigues me.  I am mainly in PEY for the continuing dividend and don't pay much attention to the share price, but it is icing on the cake for me when it goes up.  I don't ever consider selling a single share.  Looking forward to the continuing strong performance and dividend payments.
Comment by stockmarket1 on Oct 02, 2024 12:24pm
You haven't sold a share. Good for you. Everyone has different ideas for investment plans. 
Comment by houbahop on Oct 02, 2024 2:05pm
I have also sold a few this morning, at a price where I have locked 1 year of dividends in one week! I still carry a full position in my long term drawer. My ACB as diminished by another dime.
Comment by NGinGWN on Oct 02, 2024 3:23pm
It is interesting to hear everyone's strategies - thanks for sharing.  I haven't sold any of my shares as I love the dividend, but I do write covered call options - so today I sold $16 covered call options on about 25% of my shares for 0.25 a share.  If the options do end up getting assigned in about 16 days time if it closes at or above $16 I don't mind selling at that price ...more  
Comment by NGinGWN on Oct 02, 2024 3:26pm
Correction $0.20 a share, not $0.25
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