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Peyto Exploration & Development Corp. (PEYUF)
Other OTC - Other OTC Delayed Price. Currency in USD
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684 reactions on $PEYUF conversation
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big drop on weak volume..
Just came from another peyto pipeline job by Rocky Mountain house alot of activity happening there
well that was fun - let's do it again tomorrow?!
Collect the dividend and be patient. We'll have a $1.50+divi/share by the end of 2022. In Darren we trust!
I put in a stop loss cause of fire explosion Freeport USA. NG prices my be affected as no exports from US.
Freeport reports full repairs and a return to full production after the fire to take till the end of the year.
Gas price in eastern Texas way down,....ugh! HH dropping like a rock too,...
Someone here forecast a way longer repair time than the three weeks that Freeport forecast,...good call to that poster!
I have been through the trough with Peyto and it has taken a good number of years to show some green. Its a great company led by a great CEO, Darren Gee. His monthly reports are a good read.
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.
Gas just keeps going up!
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.
Well, according to Darren's monthly newsletter, he has backed off hedging going out to next summer. I applaud him for that although the near term hedging opportunity might have come and gone. Of course, he may have done that last year. This LNG fire is a ruse. There is no way that should be shocking the gas market the way it is being reported. We are looking at 100 degrees in Tennessee every day next week! It is 96 right now! The amount of gas being used for summer electricity this month, will make up for that LNG terminal x 10! Note, I have lived in Tennessee 32 years and it hasn't hit 100 degrees more than 32 total days in 32 years. This is uncommon heat.
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! 🚀
I don't mind the drop. Opportunity to buy more!
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.
Will re buy at 15.11
A month ago, this was $11.36. It's up 17% for the month.
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