Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s): PEYUF

Energy Oil & Gas E&P

Peyto Exploration & Development Corp. 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 Alberta Deep Basin is a geologic setting situated on the northeastern front of the Rocky Mountain belt in the deepest part of the Alberta sedimentary basin. It acquired Repsol Canada Energy Partnership (Repsol Assets), which included around 23,000 barrels of oil equivalent per day of low-decline production and 455,000 net acres of mineral land. The acquisition includes five operated natural gas plants with combined net natural gas processing capacity of around 400 million cubic feet per day, 2,200 kilometers (km) of operated pipelines, and a 12 MW cogeneration power plant. These assets include Edson Gas Plant and the Central Foothills Gas Gathering System. The Company has a total proved plus probable reserves of approximately 7.8 trillion cubic feet equivalent (1.3 billion barrels of oil equivalent).

TSX:PEY - Post by User

Peyto Exploration & Development Corp

Bullboard Posts

Post by slava77on Nov 20, 2017 4:39pm

135 Views

Post# 26999129

Price is just price

I remember so vividly how Bonavista hit $0.93 in January 2016 only to rebound to hit $5.53 by Dec. 2016. Yup, over 5 times. I remember I spoke with IR in Jan 2016 and the IR person told me that the stock was heavily shorted by US hedge funds (the way Peyto is now).

Unfortunately I'm in heavy at around $20.50 on average, reduced only a tiny bit when it jumped above $19 several sessions ago.

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