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        Hi I am Ted Dixon with
        your INK Morning Report
Preview
        for October 13th.
        When we last featured
        Alberta natural gas
driller
        Peyto Exploration &
Development
        here on July 21st,
        we noted that insiders
where adding to
        their holdings as the
stock pulled back.
        That worked out pretty
well as the stock has
        advanced almost 40% since
our report.
        The stock has caught our
attention again,
        but this time insiders are
buying the rally.
        While we did see
        some options-related
        insider profit-taking
during the summer,
        not all the newly acquired
shares were sold.
        As a result insider
holdings
        as a percentage of shares
outstanding
        continued to inch higher
        and you can see that in
        the second small chart
below
        the larger price line
chart of
        insider buying and selling
        on the company page.
        Meanwhile, free cash flow
continues to
        rise thanks in large part
        to stronger commodity
prices.
        Insider buying plus rising
cash flow
        is one of our favourite
signals.
        That combined with insider
buying into
        a rising market reinforces
        the stock's current bright
outlook.
        Of course there are risks,
        such a warmer than
expected winter.
        Nevertheless, over the
next year
        we expect of the factors
referenced by
        Peyto president Darren Gee
in
        his latest letter to
provide
        tailwinds for Canadian
natural gas stocks.
        Those factors include
worker shortages,
        lack of well approvals in
BC and
        government policy errors
in planning for
        a transition to cleaner
fuels.
        Well thanks for stopping
by and click on
        the notify button under
this video
        on INK Ultra Money to be
notified
        when we have our next
preview available.
        You can also follow
        us on Twitter
@inkresearch.
        That is all for today
        and I hope to see you
again tomorrow
        as we let the insiders
guide
        us to opportunity this
fall.
        This is not a
recommendation to
        buy or sell securities and
        nothing in this video or
        in INK reports should be
considered
        financial advice
information is for
        educational purposes INK
employees may
        hold an interest in
        any stock mentioned in
        our videos or in our
reports.