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TSE:PEY

Peyto Exploration & Develop. (PEY.TO)

25.04
-0.18 (0.71%)
as of Aug 28, 2026, 8:00:00 pm Market Open.
320 watching
0
Investor Insights
star iconAug 28, 2026, 12:00 am

This summary was created by AI, based on 18 opinions in the last 12 months.

Peyto Exploration & Development (PEY-T) has garnered mixed reviews from various experts, highlighting its potential within the natural gas sector. Many analysts view the company as a solid long-term investment with an attractive dividend yield, especially as natural gas prices are expected to recover over the next few years. However, some experts express caution regarding the current valuation, suggesting that it may be fully valued at this point in time. The political climate in Canada is perceived as a significant factor influencing future performance, with some anticipations of improved market conditions if political challenges ease. Overall, while some analysts are bullish on the stock's future prospects, others advise caution, recommending selective buying strategies based on market trends.

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Consensus
Cautious
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Valuation
Fair Value
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Similar
TOU
SELL
Very gas weighted. Originally it was very much of a growth story and people were paying for growth. Their operation is tight gas giving very high initial production rate but very steep declines. Need a lot of capital to fund their growth so are a little bit stretched on the balance sheet. Well hedged through 2009 so we should be able to maintain distributions if gas prices improve. Good quality assets. Consider selling and coming back in at a lower level.
DON'T BUY
This is a gas play. Great divergence of opinion on whether this is where you want to be positioned. Could cut the distribution to protect capital. 2-3 years oil and gas have nowhere to go but up.
DON'T BUY
Primarily natural gas, which is not his favourite commodity. Concerns about their debt levels.
BUY
(Market Call Minute.) Have a good level of leverage.
DON'T BUY
(Market Call Minute.) Her outlook on gas is unfavourable and is going to be quite weak for the rest of 2009. Would prefer and oilier name.
DON'T BUY
(Market Call Minute.) Debt levels are too high.
DON'T BUY
Yield of about 17.5%, which is telling you that it is somewhat chancy. Despite forecasts of reductions in cash for distribution, it is still running ahead of the $1.80 so there is a bit of a cushion. Thinks there are others that are more attractive.
BUY
(Market Call Minute.) 20 years reserve life. Great asset for any oil sands miner looking to have a stable source of natural gas.
BUY
In terms of gas exposure, distributions and payout ratio is one of the best out there. When they convert into a regular company in 2011, he thinks they will get back on track. 10.6% yield.
COMMENT
Mainly a gas producer. Had a dramatic growth rate in the early years. Low debt level. There are other trusts that are more attractive. Not a bad place to be.
BUY
Yield is not that great but on the other hand, with the tax pools they have, you are not looking at taxes any time soon.
TOP PICK
Natural gas. Have touched only 25% of their undeveloped acreage. Grow reserves from drill bit rather than acquisition. Tax pools probably keep them out of a taxable position until 2014/2015. Looking for distributions to increase. Capital gain will only be 4% or 5% and the rest of it will be distributions.
COMMENT
Remains one of his favourite trusts because they develop their own reserves through the drill bit. Have accumulated massive amounts of land and will be able to keep production up.
HOLD
(Market Call Minute.) One of the better names generally, but still not in a sweet spot in terms of a royalty trust.
COMMENT
Very focused on natural gas. Has a wonderful asset in the western basin. In the current natural gas pricing market, many of these trusts are pulling back on new Cap X they are willing to spend.
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