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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 Aug 14, 2019 1:54pm
67 Views
Post# 30028083

RE:as we daily crash 7% so too is wcsb production crashing

RE:as we daily crash 7% so too is wcsb production crashingif you look at AECO as rough proxy for WCSB production levels, then this summer is better than last summer, for what it's worth; now, this relative price improvement in AECO over 2018 may/may not be related to maintenance, etc, nonetheless, it's up from last year, and foward curve into the winter is also mostly up from last year, so to me those are good signs; what is not good, is the market headwind pushing us to a new low of 3.06 - with AECO firming up and the stock being roughly a quarter of what it was last year, this may be a bargain time, save the overall market headwinds

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