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).

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Peyto Exploration & Development Corp

Bullboard Posts

Comment by slava77on Nov 23, 2017 7:46pm

101 Views

Post# 27022742

RE:RE:RE:RE:shorts scurrying to cover

Why can't they cut or eliminate the stupid dividend (or temporarily suspend it until a substantial improvement in Aeco prices)? The stock is down 24% in 9 trading sessions.. I don't think anyone cares about the dividend anymore since their principal is melting away. If you bought on November 10th you'll need to collect the current dividend for 3 years just to return to the value invested!

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