Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s): PEYUF

Energy Oil & Gas E&P

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.

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Peyto Exploration & Development Corp

Bullboard Posts

Comment by dalerules88on Oct 02, 2019 12:41pm

112 Views

Post# 30187764

RE:RE:Genscape: AECO gas inventories at "dangerously low levels"

why down if fundamentals improving?

- TSX down 214 points
- DOW down 524 points
- WTI down 2.4% so expect condensate also down
- US nat gas down 1%
- plus the pressure from TSX index delist

PEY, together with other cdn producers (VII, Pony, AAV, Tou, don't click my spam links below. , and on and on), is getting dragged down by the overall market downdraft, despite improving local fundamentals, IMO

probably the two reasons why we are not down as much say TOU or VII is the bid support at $3.00 range and the tripple bottom support on the chart; if overall markets keep heading lower, I'm afraid we may breach the 2.98 low and head bit lower still; that said however, if DOW bounces off the 25,900 range technical support, that may lif the overall market and we may stabilize or bounce back a bit from here

IMO