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Peyto Exploration & Development Corp. (PEY.TO)
Toronto - Toronto Real Time Price. Currency in CAD
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674 reactions on $PEY.TO conversation
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Imagine where this would be if they dint have a record quarter. This market is trading on fear and not fundamentals. Oh well i guess I will get a few more shares in my DRIP. Long and strong.
Great call and great results. Manu bank analyst questions(2xRBC, TD, CIBC) Over 200M un CF (ATH on one Q). Darren(CEO) mentionned a great increase on the divi by the end of this year. Great for Darren means at least $1/share. My prediction: $1.50 announced late fall.
I owned this a few months ago at $34 and barely escaped the low 30's to get out at $35 recently. Just bought back more at $33 and I have already gotten burned again. I like the company but not the stock! Ironically, I buy this in the part of my portfolio where I want safety and stability. Apparently, this stock is not recession proof and certainly not inflation proof. I need some encouragement. Is the market wrong here or are their serious concerns?
Just an ugly day overall for the release and CC. I don't think they like the Hedge loss number either. It is a big number for such a small company. I realize it is not actual lost money, but certainly lost opportunity. I wonder how fast those ugly hedges are falling off?
@LR Yes, it is almost too good to be true. I hope Peyto is able to take full advantage of this and not get caught in a trap of hedging too far out, too soon. Important to remember that these screaming gas prices can do damage to those who are perhaps 50% hedged at half this price, and just added another 25% at $2.00 less. I would not know how to play it on Darren's side. I just read his new newsletter after midnight last night. His newsletter always makes me know I have the right company and the right management. I just wish I still had all the shares I owned 2 years ago! His highlighting of his Midstream infrastructure adds major value to this operation. He is correct that not every company does their own Midstream. This company is worth double what it is trading for even today!
Aeco at $7.32 yesterday and HH almost at $8 this morning. I'm already all in, and we have a Royal Straigh Flush in hand! 🚀
Guys, I sure hope someone is enjoying my 4,000 shares I sold a month ago! I am still holding a lot more but I would sure like to have those back! I should learn to keep my hand off the mouse when I am just bored! Congratulations longs. We deserve this.
I don't mind the drop. Opportunity to buy more!
The Aeco(main Canadian gas Hub) strip is on fire. Prices within $5-6 until April 2023. Prices also significantly increased for the following years. Higher gas prices are there to stay. Expect gas producers to make impressive gains in the year to come. There are so many positive variables that I can't see how high PEY will go. Certainly $20 within 12 months... maybe a lot more within 18. FYI, the SPR release annonced this week may lead to less associated gas produced on the short term (oil producers may not increase the oil prod as they would have without the SPR release... less oil prod = less associated gas). With 86-88% gas, and a 10% prod increase this year, PEY can't miss!
A month ago, this was $11.36. It's up 17% for the month.
Yahoo Finance Insights
PEY.TO reached a 52 Week high at 14.52
Yahoo Finance Insights
PEY.TO reached a 52 Week high at 14.70
Yahoo Finance Insights
PEY.TO reached a 52 Week high at 14.08
I hate myself. Darren, forgave me, I sold 4,000 shares at $8.66 U.S. just last week. I am so happy I still hold a lot. It did not respond to earnings, it did not respond to oil, but it sure has responded to this recent Nat Gas run. I did not like owning this much Nat Gas when we have already had our lawns mowed last week in Tennessee. I will never even sell another share of Peyto!
how explain gaz os Up 3..64 per cent ans Pey down 2.6
i m rooky at this gamme
Looks like we might see $13 sooner rather than later
CEO of Peyto was just on Bnn commodities, he said he will probably increase dividends in 2023.
all bank desks are 100% 500% 1000% long every nat gas name.
Looks like The kindling is starting to smoke
Canada missing the boat on LNG as U.S. sails ahead
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