Peyto Exploration & Develop. | StockChase
227
Peyto Exploration & Develop. (PEY-T)

Last Price Recorded: $14.4000 on 2017-12-13

ON STOCKCHASE SINCE Jul 2003

oil/gas
227
Peyto Exploration & Develop. (PEY-T)

Last Price Recorded: $14.4000 on 2017-12-13

ON STOCKCHASE SINCE Jul 2003

oil/gas

Peyto Exploration & Develop.


Signal Opinion Expert
COMMENT

Although the price has dropped considerably, the risk is still very high. The company has gone a long way to improve its balance sheet, and has excellent properties. However, it is still very, very sensitive to the commodity price, which is where the main part of the risk comes in. The potential upside is many multiples to what he thinks the downside is.

oil/gas

Although the price has dropped considerably, the risk is still very high. The company has gone a long way to improve its balance sheet, and has excellent properties. However, it is still very, very sensitive to the commodity price, which is where the main part of the risk comes in. The potential upside is many multiples to what he thinks the downside is.

oil/gas
Michael Sprung

President, Sprung Investment Ma...

PricePrice
$14.400
Owned Owned
Unknown

COMMENT

Great driller and a low-cost producer of natural gas. However, the problem is the price of natural gas and how to get it out of Alberta and into a market that will pay more for it. That is a problem with a lot of natural gas stocks these days. Dividend yield of 8.96%, a warning sign that there could be a cut coming.

oil/gas

Great driller and a low-cost producer of natural gas. However, the problem is the price of natural gas and how to get it out of Alberta and into a market that will pay more for it. That is a problem with a lot of natural gas stocks these days. Dividend yield of 8.96%, a warning sign that there could be a cut coming.

oil/gas
Douglas Kee

Chief Investment Officer, Leon Frazer & Associ...

PricePrice
$14.220
Owned Owned
No

DON'T BUY

His only natural gas exposure in Western Canada is Tourmaline (TOU-T). You would have to be really constructive on Canadian natural gas pricing (AECO) to really want to own this. A very high-quality company with good assets, good management and a reasonable balance sheet. Pays a dividend yield of north of 8%, which is probably telling you something.

oil/gas

His only natural gas exposure in Western Canada is Tourmaline (TOU-T). You would have to be really constructive on Canadian natural gas pricing (AECO) to really want to own this. A very high-quality company with good assets, good management and a reasonable balance sheet. Pays a dividend yield of north of 8%, which is probably telling you something.

oil/gas
Daniel Lloyd

Portfolio Manager, Forge First Asset Ma...

PricePrice
$15.370
Owned Owned
No

COMMENT

Chart shows a long downward channel from mid-2016. The fact that we don’t have a move higher, like we’ve seen in some of the other energy names, is a little concerning. All indicators are pointing down, and he can see nothing that will change this.

oil/gas

Chart shows a long downward channel from mid-2016. The fact that we don’t have a move higher, like we’ve seen in some of the other energy names, is a little concerning. All indicators are pointing down, and he can see nothing that will change this.

oil/gas
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc....

PricePrice
$16.270
Owned Owned
Unknown

COMMENT

You should be scared of the 8% dividend. 145% payout ratio in 2018. It is very tempting. This is a company that has not shut down production because of ECO prices being so poor. The bad quarters that they have had should reverse itself through the rest of this year. All things being equal, it is probably a buying opportunity, at least for a pop.

oil/gas

You should be scared of the 8% dividend. 145% payout ratio in 2018. It is very tempting. This is a company that has not shut down production because of ECO prices being so poor. The bad quarters that they have had should reverse itself through the rest of this year. All things being equal, it is probably a buying opportunity, at least for a pop.

oil/gas
Greg Newman

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$18.350
Owned Owned
Unknown

TOP PICK

The lowest cost gas producer in Alberta. He really likes management. They’ll produce BOE’s next year close to 120,000 a day with 53 employees, where over the last 5 years it was between 50 and 55. Very efficient. Natural gas prices have been improving lately. Dividend yield of 6.4%. (Analysts’ price target is $30.)

oil/gas

The lowest cost gas producer in Alberta. He really likes management. They’ll produce BOE’s next year close to 120,000 a day with 53 employees, where over the last 5 years it was between 50 and 55. Very efficient. Natural gas prices have been improving lately. Dividend yield of 6.4%. (Analysts’ price target is $30.)

oil/gas
Nick Majendie

Director & Senior Portfolio Manager, Scotia Wealth Manage...

PricePrice
$20.910
Owned Owned
Yes

SELL

An ugly looking chart. There is no support on this stock. The last significant low, which was in 2015, has been broken.

oil/gas

An ugly looking chart. There is no support on this stock. The last significant low, which was in 2015, has been broken.

oil/gas
Keith Richards

Portfolio Manager, ValueTrend Wealth Ma...

PricePrice
$20.930
Owned Owned
Unknown

PAST TOP PICK

(A Top Pick Oct 31/16. Down 38.27%.) Historically this was one of the very best and growthiest producers in the Canadian oil patch. Unfortunately, they are swimming upstream in the natural gas environment we have seen. He sold his holdings.

oil/gas

(A Top Pick Oct 31/16. Down 38.27%.) Historically this was one of the very best and growthiest producers in the Canadian oil patch. Unfortunately, they are swimming upstream in the natural gas environment we have seen. He sold his holdings.

oil/gas
Brian Madden

Senior VP & Portfolio Manager, Goodreid Investment ...

PricePrice
$20.350
Owned Owned
No

HOLD

Canadian gas has not been the most popular place to be, but this has been one of the great gas plays. When gas comes into favour, this company moves. The gas story is not as dead as the market makes it out. The US is now an exporter of gas, which is a big change. The petrochemical industry in the Houston area is a huge consumer of gas, and will be because they are building plants left, right and centre. Mexico is getting gas exports from the US. Even Canada is getting some. The market is changing, and at some point, the favourable sentiment will change to the gas industry.

oil/gas

Canadian gas has not been the most popular place to be, but this has been one of the great gas plays. When gas comes into favour, this company moves. The gas story is not as dead as the market makes it out. The US is now an exporter of gas, which is a big change. The petrochemical industry in the Houston area is a huge consumer of gas, and will be because they are building plants left, right and centre. Mexico is getting gas exports from the US. Even Canada is getting some. The market is changing, and at some point, the favourable sentiment will change to the gas industry.

oil/gas
Lyle Stein

Sr. Portfolio & Managing Director, Vestcap Investment M...

PricePrice
$23.740
Owned Owned
Unknown

COMMENT

Believes they are gas heavy, so are not doing well right now. Feels the balance sheet is pretty strong. Over the long-term, he expects you are going to be fine with this.

oil/gas

Believes they are gas heavy, so are not doing well right now. Feels the balance sheet is pretty strong. Over the long-term, he expects you are going to be fine with this.

oil/gas
Fabrice Taylor

Publisher, The President's Club...

PricePrice
$24.100
Owned Owned
Unknown

BUY

Very, very solid Western Canadian gas producer. Like a lot of the energy stocks, the past 6 months have been very painful. It is undervalued, and you get paid a nice dividend to wait.

oil/gas

Very, very solid Western Canadian gas producer. Like a lot of the energy stocks, the past 6 months have been very painful. It is undervalued, and you get paid a nice dividend to wait.

oil/gas
Alex Ruus

Portfolio Manager, Arrow Capital Manage...

PricePrice
$26.110
Owned Owned
Unknown

COMMENT

Nice yield just under 5%, great balance sheet and solid management team.  Cash flows have not been there.  The challenge is price momentum.  It is a value trap and neutral for him.

oil/gas

Nice yield just under 5%, great balance sheet and solid management team.  Cash flows have not been there.  The challenge is price momentum.  It is a value trap and neutral for him.

oil/gas
Jason Mann

CIO & Co-Founder, Edgehill Patners...

PricePrice
$27.640
Owned Owned
Unknown

COMMENT

Primarily natural gas, and has tended to fluctuate with that commodity. It is one of the primary producers and has a great dividend of about 4.7%. Looking out, on a Price to Cash Flow basis, it isn’t too bad, 7X or 8X. They have always been very effective at managing their balance sheet. Good properties and good exposure. Reasonably priced. Dividend yield of 4.8%.

oil/gas

Primarily natural gas, and has tended to fluctuate with that commodity. It is one of the primary producers and has a great dividend of about 4.7%. Looking out, on a Price to Cash Flow basis, it isn’t too bad, 7X or 8X. They have always been very effective at managing their balance sheet. Good properties and good exposure. Reasonably priced. Dividend yield of 4.8%.

oil/gas
Michael Sprung

President, Sprung Investment Ma...

PricePrice
$27.190
Owned Owned
No

COMMENT

The whole sector has sold off all this year. Feels this one has been punished because of the overall sector selling off, as opposed to anything they may be doing. The company is really well run. They’ve done a great job in a number of different areas. They aren’t buying a lot of land, but seem to be able to continue to drill and find good opportunities on their own properties. Because of that, their development and finding costs are really low, especially compared to a lot of other companies. The company has a really strong hedging policy, and hedge about 50% of their production. If you are a longer-term investor, this is probably one of the best, well-run gas companies in Canada.

oil/gas

The whole sector has sold off all this year. Feels this one has been punished because of the overall sector selling off, as opposed to anything they may be doing. The company is really well run. They’ve done a great job in a number of different areas. They aren’t buying a lot of land, but seem to be able to continue to drill and find good opportunities on their own properties. Because of that, their development and finding costs are really low, especially compared to a lot of other companies. The company has a really strong hedging policy, and hedge about 50% of their production. If you are a longer-term investor, this is probably one of the best, well-run gas companies in Canada.

oil/gas
Bruce Campbell (2)

President & Portfolio Manager, Stone Castle Investm...

PricePrice
$27.220
Owned Owned
Unknown

DON'T BUY

Peyto Exploration (PEY-T) or Canadian Natural Resources (CNQ-T)? Two different companies. Apples to oranges. He wouldn’t own either. This one gives you natural gas exposure in Canada. They’ve had some issues with take away capacity in pipelines. The shine has come off the story. It has traded at a significant premium, and he thinks they are going to be losing that relative to some of their peers. Prefers others.

oil/gas

Peyto Exploration (PEY-T) or Canadian Natural Resources (CNQ-T)? Two different companies. Apples to oranges. He wouldn’t own either. This one gives you natural gas exposure in Canada. They’ve had some issues with take away capacity in pipelines. The shine has come off the story. It has traded at a significant premium, and he thinks they are going to be losing that relative to some of their peers. Prefers others.

oil/gas
Eric Nuttall

Senior Portfolio Manager, Ninepoint Partners...

PricePrice
$28.320
Owned Owned
No

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