TSE:PEY

Peyto Exploration & Develop. (PEY.TO)

24.30
+0.05 (0.21%)
as of Jul 20, 2026, 8:00:00 pm Market Open.
318 watching
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Investor Insights
star iconJul 20, 2026, 12:00 am

This summary was created by AI, based on 16 opinions in the last 12 months.

Peyto Exploration & Development, symbol PEY-T, is viewed positively by many experts, particularly for its position in the natural gas sector. Several analysts believe it is well-managed with strong operational performance, underscored by its impressive growth over recent years. While some caution against buying at current levels due to recent price corrections and the potential for further sell-offs, many agree that long-term prospects are strong. The political landscape in Canada could influence pricing dynamics in the future, but a general consensus leans towards favorable natural gas pricing over a multi-year horizon. The company is also noted for its healthy dividend yield and acquisition strategy, suggesting that it could be a solid choice for investors looking for exposure to natural gas.

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Consensus
Positive
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Valuation
Fair Value
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Similar
TOU
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.
HOLD
He has confidence in the gas story playing out in the longer term. Natural gas did not have a good year last year and this year is a bit better. Yields around 10%. Payout ratio is around 70%.
SELL
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