WEAK BUY
PEY vs. BIR vs. ARX

LNG Canada is bringing a significant export opportunity for all Canadian nat gas companies towards the end of 2025. This will be transformational. He likes all Canadian nat gas producers on a volume basis. His preference is ARX, as it's diversified with undeveloped land. Prefers PEY to BIR; management is stronger, though its dividend will be subject to commodity prices, can grow production long-term. 

oil / gas
DON'T BUY
Darren Gee sold $3mm shares yesterday (former CEO). Not a good sign. Natural gas prices are going to fall (tough on business). Would invest in other names.
oil / gas
BUY
Commodity prices will stay flat or rise and so will Peyto share prices. They have a good track record of returning capital to shareholders. Pays a 10% dividend. Cash flows should continue and sustain stability.
oil / gas
TOP PICK
Very high dividend rate. Good for natural gas exposure. Expecting more returns to be rewarded to investors.
oil / gas
TOP PICK
FMV continues to go straight up, 337% higher than current price. Really likes the industry. Yield is 9.59%. (Analysts’ price target is $18.22)
oil / gas
COMMENT
Company is highly exposed to natural gas. Concerned about over supply of natural gas in North America. Believes much higher potential in oil stocks. Avoiding natural gas stocks for now.
oil / gas
DON'T BUY
Natural gas? The outlook for natural gas has improved as associated production has impacted by shut in oil production. He is not fond of PEY as they have covenant violations (that should be worked out). He has others he prefers.
oil / gas
RISKY

He thinks natural gas will be the energy of the future. He is not an energy expert. He has gone with Peyto. Consider taking small positions when there are big market down days. But they must be good companies that will survive. 7 out of 10 of these companies may go under. Think of them as call options.

oil / gas
DON'T BUY
They are the poster child for the woes of the AECo market. They have debt to cash flow of 4 times. They are maintaining production. We are over 70% through winter and we have seen demand down 14% in North America this season. The outlook is bleak. Natural gas stocks are a play on weather and he does not see any prospects in this space at this time. He is looking towards Canadian oil plays instead.
oil / gas
COMMENT
The US / China truce as of last week eliminated the strong worries people had on the global economy. There has been a large unwind of value stocks for growth stocks. The best value in the world is Canadian energy stocks. PEY-T is a levered natural gas. He took the easy profits off it. If you are really bullish on it, then this is a good way to play it.
oil / gas
DON'T BUY

They produce 96% natural gas, trying to diversify. They're the lowest-cost operator in North America, but drilling is uneconimical now. LNG is a long way off. Avoid this.

oil / gas
DON'T BUY
They have a challenged balance sheet.
oil / gas
DON'T BUY
Their earnings missed in the most recent quarter. Their balance sheet within the industry is okay but is there any catalyst to see them go up in price significantly. There are other places he would invest such as ECA-T or ARX-T.
oil / gas
DON'T BUY
Natural gas prices in western Canada are struggling, but management is solid. The price can't go much lower and ultimately PEY will recover, but who knows when? They're in a difficult spot now. They pay a decent yield above 3%.
oil / gas
COMMENT
Peyto vs Torc. He is not fond of Peyto -- production is flat and the balance sheet is not great. They also focus on natural gas -- an area he sees little opportunity in that commodity. Torc is a well-run oil producer, with a solid management team. He clearly would prefer Torc.
oil / gas
Showing 1 to 15 of 251 entries

Peyto Exploration & Develop.(PEY-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 3

Stockchase rating for Peyto Exploration & Develop. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Peyto Exploration & Develop.(PEY-T) Frequently Asked Questions

What is Peyto Exploration & Develop. stock symbol?

Peyto Exploration & Develop. is a Canadian stock, trading under the symbol PEY-T on the Toronto Stock Exchange (PEY-CT). It is usually referred to as TSX:PEY or PEY-T

Is Peyto Exploration & Develop. a buy or a sell?

In the last year, 3 stock analysts published opinions about PEY-T. 2 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Peyto Exploration & Develop..

Is Peyto Exploration & Develop. a good investment or a top pick?

Peyto Exploration & Develop. was recommended as a Top Pick by on . Read the latest stock experts ratings for Peyto Exploration & Develop..

Why is Peyto Exploration & Develop. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Peyto Exploration & Develop. worth watching?

3 stock analysts on Stockchase covered Peyto Exploration & Develop. In the last year. It is a trending stock that is worth watching.

What is Peyto Exploration & Develop. stock price?

On 2023-03-23, Peyto Exploration & Develop. (PEY-T) stock closed at a price of $12.55.