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Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s):  PEYUF

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

Post by 7Twiggyon Mar 11, 2022 11:47am
177 Views
Post# 34506811

I am of the opinion their is significant upside here.

I am of the opinion their is significant upside here.Tomorrow's quarterly results should give us a better idea where this is going. My bet is up. Oil and gas are not going down significantly anytime soon. Should also get a confirmation of the next dividend. Take a look at the short report on CEO.ca. Looks to me that their has been an increase of shorts. 316,000  on the TSX as of Feb 28.  Should get an update in a week or so. Does not not take much for shorts to play their game with low volumes.  That short number is more than the volume on the TSX today.  I am hoping that along with very positive guidance and the shorts running to the door we will see some significat upside.
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