Peyto Exploration & Develop.

PEY-T

Analysis and Opinions about PEY-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
February 12, 2020
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.
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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.
COMMENT
COMMENT
December 19, 2019
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.
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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.
DON'T BUY
DON'T BUY
December 16, 2019

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.

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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.

DON'T BUY
DON'T BUY
July 19, 2019
They have a challenged balance sheet.
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They have a challenged balance sheet.
DON'T BUY
DON'T BUY
June 17, 2019
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.
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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.
DON'T BUY
DON'T BUY
April 30, 2019
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%.
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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%.
COMMENT
COMMENT
April 26, 2019
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.
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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.
DON'T BUY
DON'T BUY
November 19, 2018
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.
WATCH
WATCH
September 19, 2018

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%.

COMMENT
COMMENT
May 25, 2018

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.

BUY
BUY
April 3, 2018

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.

WAIT
WAIT
April 3, 2018

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.

DON'T BUY
DON'T BUY
February 12, 2018

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.

WATCH
WATCH
February 5, 2018

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.

DON'T BUY
DON'T BUY
January 15, 2018

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.

Showing 1 to 15 of 243 entries

Peyto Exploration & Develop.(PEY-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 5

Total Signals / Votes : 5

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, 5 stock analysts published opinions about PEY-T. 0 analyst recommended to BUY the stock. 5 analysts recommended to SELL the stock. The latest stock analyst recommendation is DON'T BUY. 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 Eric Nuttall on 2020-02-12. 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?

5 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 2020-04-01, Peyto Exploration & Develop. (PEY-T) stock closed at a price of $1.52.