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Peyto Exploration & Development Corp PEYUF


Primary Symbol: T.PEY

Peyto Exploration & Development Corp. is a Canada-based oil and natural gas company. The Company conducts exploration, development and production activities in Canada. It is a Canadian energy company involved in the development and production of natural gas, oil and natural gas liquids in Alberta’s deep basin. The Company’s total Proved plus Probable reserves are 5.6 trillion cubic feet equivalent (929 million barrels of oil equivalent) as evaluated by its independent petroleum engineers. Its production’s weight is approximately 89 per cent to natural gas and 11 per cent to natural gas liquids.


TSX:PEY - Post by User

Comment by houbahopon May 16, 2024 4:41pm
153 Views
Post# 36044276

RE:As expected......SAVED by Repsol...!!!

RE:As expected......SAVED by Repsol...!!!Peyto is in my top 5 performers since the beginning of the year.

From $12 to $15.75 plus 5 dividends of $0.11.

36% in less than 5 months!

I would not mind to see the shares stay in the $12-$16 range.
The dividend is safe for the next 18 months and the strong Contango
of the Natgas strip provides nice hedges ($4 average) for 2026.

Hopefully, PEY will trade back down to $12. The dividends are piling
up in my trading account and would enjoy investing it at 10%.





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