Peyto Exploration & Develop. (PEY-T) Stock Predictions - Stockchase
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Peyto Exploration & Develop. (PEY-T)

ON STOCKCHASE SINCE Jul 2003

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Peyto Exploration & Devel...

PEY-T

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Peyto Exploration & Develop. (PEY-T) SAVE Mar, 18, 2019, 2:59 pm

7.76 0.24 (3.19%)

What the experts are saying about PEY-T



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DON'T BUY
Book value is $9.99. Volumes came down because they shut in some dry gas. The stock has been decimated. He prefers other names to this one.
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Book value is $9.99. Volumes came down because they shut in some dry gas. The stock has been decimated. He prefers other names to this one.
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Josef Schachter

President, Schachter Asset Mana...

Price Price
$11.500
Owned Owned
Unknown

WATCH

Natural gas is a dirty word today.  As a contrarian, he likes the yield but wonders if it is sustainable.  They have a good management team.  At some point there will be demand for Canadian natural gas – west coast LNG could be a catalyst.  He thinks there are other energy names, but he continues to watch it.  Yield 6.8%.  

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Natural gas is a dirty word today.  As a contrarian, he likes the yield but wonders if it is sustainable.  They have a good management team.  At some point there will be demand for Canadian natural gas – west coast LNG could be a catalyst.  He thinks there are other energy names, but he continues to watch it.  Yield 6.8%.  

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Lyle Stein

Sr. Portfo, Vestcap Investment M...

Price Price
$10.550
Owned Owned
No

COMMENT

Gas is down, and the stock has slid from $30 to $10. They have a good long-term track record, so investigate why there was such a slide (it wasn't just the gas price). Now could be an entry point.

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Gas is down, and the stock has slid from $30 to $10. They have a good long-term track record, so investigate why there was such a slide (it wasn't just the gas price). Now could be an entry point.

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Bruce Campbell

President, Campbell and Lee Inv...

Price Price
$10.410
Owned Owned
Unknown

BUY

Definitely would consider it. $25 target. Cheap valuation. If you own it, average down. Sustainable 6.6% yield. Now is a great entry point.

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Definitely would consider it. $25 target. Cheap valuation. If you own it, average down. Sustainable 6.6% yield. Now is a great entry point.

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Jaime Carrasco

Portfolio , Canaccord Genuity...

Price Price
$10.880
Owned Owned
No

WAIT

This company is well managed. It is a low cost operator. Its price has come down enormously. Its dividend has been cut, but it offers a 72 cent dividend on a price (on day of interview) of $10.78. The company’s problem is its debt load, which has been rising. It is now $1.285 billion, up from $1.07, against $1.72 billion in equity. It is not good to have rising debt in a declining commodity market. Book value is $10.44. If he is right that oil prices will come down, the stock could go down significantly further, past $8 or beyond. At $8, the yield would be fabulous. He doesn’t cover the name because of the balance sheet issues.

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This company is well managed. It is a low cost operator. Its price has come down enormously. Its dividend has been cut, but it offers a 72 cent dividend on a price (on day of interview) of $10.78. The company’s problem is its debt load, which has been rising. It is now $1.285 billion, up from $1.07, against $1.72 billion in equity. It is not good to have rising debt in a declining commodity market. Book value is $10.44. If he is right that oil prices will come down, the stock could go down significantly further, past $8 or beyond. At $8, the yield would be fabulous. He doesn’t cover the name because of the balance sheet issues.

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Josef Schachter

President, Schachter Asset Mana...

Price Price
$10.880
Owned Owned
No

DON'T BUY

It had to do some tough things a couple of weeks ago.  They cut the dividend and the cap-X program also.  Book value was $10.12 at the end of Q3.  It could go down given problems in the sector.

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It had to do some tough things a couple of weeks ago.  They cut the dividend and the cap-X program also.  Book value was $10.12 at the end of Q3.  It could go down given problems in the sector.

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Josef Schachter

President, Schachter Asset Mana...

Price Price
$10.570
Owned Owned
Unknown

WATCH

They announced they cut their dividend recently.  It is a gas producing name.  They have done an incredible job and she is watching them.

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They announced they cut their dividend recently.  It is a gas producing name.  They have done an incredible job and she is watching them.

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Joanne A. Hrusk

Market Str, Integral Wealth Secu...

Price Price
$10.560
Owned Owned
No

DON'T BUY

Last week they announced a cut in the dividend and a cut in the cap-x program.  They are going to try to keep production flat.  $10.12 book value.  The balance sheet debt is a concern.  It still trades above book value.  The numbers don’t make sense.

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Last week they announced a cut in the dividend and a cut in the cap-x program.  They are going to try to keep production flat.  $10.12 book value.  The balance sheet debt is a concern.  It still trades above book value.  The numbers don’t make sense.

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Josef Schachter

President, Schachter Asset Mana...

Price Price
$13.830
Owned Owned
Unknown

DON'T BUY

A super low cost producer, but they have debt.  Book value is about $10-$12.  People are worried about the dividend.  This stock could see even lower levels if there is not the drawdown in inventories in January.  He prefers other names – see Top Picks.

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A super low cost producer, but they have debt.  Book value is about $10-$12.  People are worried about the dividend.  This stock could see even lower levels if there is not the drawdown in inventories in January.  He prefers other names – see Top Picks.

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Josef Schachter

President, Schachter Asset Mana...

Price Price
$14.420
Owned Owned
Unknown

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.

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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.

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Michael Sprung

President, Sprung Investment Ma...

Price Price
$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.

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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.

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Douglas Kee

Chief Inve, Leon Frazer & Associ...

Price Price
$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.

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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.

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Daniel Lloyd

Portfolio , Forge First Asset Ma...

Price Price
$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.

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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.

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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$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.

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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.

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Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$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.)

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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.)

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Nick Majendie

Director &, Scotia Wealth Manage...

Price Price
$20.910
Owned Owned
Yes

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