TSE:PEY

Peyto Exploration & Develop. (PEY.TO)

25.41
-0.00 (0.00%)
as of Oct 28, 2026, 8:00:00 pm Market Closed.
322 watching
0
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
DON'T BUY
This company does not pass his financial tests, so it is too weak for him to buy.
HOLD
Has been hit pretty hard because it is pretty highly levered to natural gas. Have cut back on their capital expenditure programs, which cuts into their production. Well run.
HOLD
Gas weighted trust and feels you will eventually be rewarded by holding on. Commodities have had a positive run in the last week or so and feel that this will continue.
COMMENT
Even though they have a significant hedging program in place they will be running up against their credit lines in 2008. Have some tremendous properties in the western basin. This would be one of the companies that would benefit higher from natural gas p
HOLD
A big constraint is that they are right up against their bank lines. Their assets are fairly high quality.
HOLD
One of the more traditional energy trust. They are well placed going into the transition period. Had a good run up, was trading at a discount to actual value. Long term an excellent play. Maybe longer then a 1 year time frame. An excellent hold.
HOLD
Should hold for a while longer. It lives within it's means. Will do better in the next half of this year.
COMMENT
A gas weighted name so they have been hit pretty hard. Also hit hard because of high service costs. A good play from a risk/reward perspective. 1st & 2nd quarter may be soft.
DON'T BUY
Have a great asset with longer than average reserve life. About 75%-80% natural gas weighted. Have concerns on their debt levels. Haven't much room left on their bank line, so he anticipates an equity issue fairly soon.
COMMENT
Has come down a long way. A lot of the oil/gas companies are now at prices that they have to look attractive.
Showing 166 to 180 of 296 entries