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Peyto Exploration & Development Corp. (PEY.TO)
Toronto - Toronto Real Time Price. Currency in CAD
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At close: 04:00PM EST
606 reactions on $PEY.TO conversation
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Its a great day to be Natural Gas and not oil! I hear a rumor down in Tennessee, that IMO wants to get into Nat Gas so bad, they are going to pay $20 per share for Peyto. I actually think we can go higher than $20 on our own. Lets hope Darren doesn't take the $20 cash when it is offered. IMO will never offer stock when they could simply write a check. That same scenario could work for SU as well. They also have no gas. CNQ is loaded with gas property if they decide to develop it. Of course, CNQ is the only one that has actually acquired two Gas producers over the last year.
WTI close from $86, HH $4.35, 2 cold weeks confirmed in front of us, an energy crisis worldwide, combined with one if the best divi on the market, and Q4/Q1 results that will blow off the roof. Buy the dip and be patient. Worst case scenario, we'll have a $1-$1.50/share divi with an undervalued share price!
Best dividend in my portfolio! Thanks PEY.to! Looking for $1+/share by the end of this year!
alright i'm in... consolidated successful plays with CNQ and HWX to put it into this and couldnt feel more bullish... lets goooooo
How much by the end of January? $11, 12, 13? I would be fine with $12. My guess: $12.50. What's yours?
Another very positive newsletter from Darren. Read it if you haven't already.
Good buying opportunity between 9.80 and 9.85.
seriously what is not to like with Peyto's performance today, an island of green in a sea of red!
Wish everyday is like this.
Let’s go.. it’s time for another run!
Yes, we are being added back to the S&P/TSX composite Index starting Monday Dec.20! There will be alot more institutional buying....things are definitely looking up!
Even though I am still down (-61%) on my original investment in this company from Jan2017, I am very glad that I hung on, and continued to build a position. From $33.50 down to $2.00 is a huge drop, and I had to stop adding in Aug 2019. I have only recently achieved profitability.
Now that we are getting our dividend back, I am extremely grateful that I kept adding and averaging down. Instead of a few hundred shares, I'm somewhat unexpectedly, sitting on several thousands of shares, and the lean, mean machine that is Peyto is back in the saddle. As I averaged down, I wondered whose expensive shares I was buying at such a deep discount. Then I questioned my sanity, because I couldn't find the bottom, but didn't want to sell. I've been practicing Patience since Aug2019. Now it looks as though I'm going to be forced into a more comfortable retirement than I had previously imagined, and suddenly my broken-heartedness over Peyto's rapid slide (and the divvy cut) is a thing of the past! Go PEY!
ATB capital markets expect Peyto to be added back to the S&P/TSX index in Decemeber! if true we should expect a nice uptick in share price!
PEY is 89% gas, and HH is 9.5% up today (WTI is over 13% down). Enjoy this Black Friday promotion, then wait for the Q4 and Q1 results. With a $1+ dividend coming a year from now, and prices that high for the next 18 months, it will take a nuclear variant before I stop buying this stock!
OK, I sold a small portion of my U.S. shares at $8.34 a month back just to buy something else. That was just before it soared to well over $9.00 U.S. PEYUF shares. I was upset with myself. I have owned this for years now! Happy to say I just bought most of that back this week with the last 1,000 at $7.57 this morning. I was never leaving, just taking some profits. Anyway, I am back for the most part. Gas pricing is nerve racking but it is still sky high compared to a year ago. Darren just needs winter to show up! Good luck everyone. Have a great weekend. Note, CNQ just bought another smaller gasser in the Montney a few weeks back. That is now two years in a row. I don't really want to be sold to CNQ unless it is a double from here. CNQ is big holding of mine and is a fine big company. I like owning Peyto on its own.
The December tax cover has started early this year, great buy opportunities.
Paper hands selling. LOL!
I still think its significantly undervalued right now based on natural gas direction and Peytos forecasts for 2022. There's much value in listening to the latest cc, very optimistic tone! Bumpy road ahead wrt stock price, but I think there's plenty of upside!
The Board of Directors of Peyto is pleased to increase the dividend to $0.05/share on a monthly basis to shareholders of record as of November 30, 2021, paid on December 15, 2021.
$.05 monthly dividend ($.60/year), over 100,000 boe/d prod by the end of November, 120,000 boe/d prod by the end of 2022 (350-400M capital program "is projected to be funded from less than half of Peyto’s total cashflow, leaving significant free cashflow available for debt reduction and dividend payments."! Less than half!!! This says it all! The debt will be 1xFCF by the end of next year (they confirmed this on the call). PEY will be $15-$20 by March-May 2022, and the dividend over $1/share a year from now. I have never seen PEY be so bullish before. That’s great!
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