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Peyto (PEYUF) earned net income of $25 million (all figures are Canadian dollars) in Q1 and is on track for roughly $100 million for 2019, or about $0.60 a share. The company is trading at 7 times net income.
Q2 production of 83,000 Boe/day was reported in the July President's report. I estimate that at an average natural gas price of $1.50 per Mcf, Peyto's Q2 cash flow will be approximately $100 million (based on 13.5% liquids and 86.5% dry natural gas), and, after capital outlays of $17 million and dividend of $10 million, free