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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

Comment by dalerules88on Feb 23, 2018 5:55pm
123 Views
Post# 27612509

RE:RE:Recovery?

RE:RE:Recovery?We didn't move up 18% off the lows so that somebody can collect a six cent dividend...half of these nat gas stocks are bumping up againts the top of the downtrend line - next week might tell the story - Pey at about $12, BIR at about $3.50, AAV at about $4 - if we break those, then the mid Feb migh have been the bottom. If we bounce off those, then most likely another down-leg. Too early to tell just yet. But you can see sentiment change, with all the political publicity, and the overall market shakout scaring some money out - that money is looking for value, I'm guessing.


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