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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 hoov66on Jan 29, 2020 2:08pm
95 Views
Post# 30615401

RE:"Bad things happen to NG companies when...."

RE:"Bad things happen to NG companies when...."

Gave you a thumbs up for that post and the useful information. Seems that the problem with fracking is too much non-profitable growth in production causing supply-side downward pressure on NG/NGL pricing. Great for consumers...not so great for investors.

Wish we had more access to foreign markets. They are paying much more for NG/NGL than North America.

Many of these companies trade at significant discounts to book value and one day energy prices are going to rise and many investors will be smacking their heads that they didn't invest in this sector when it was down (but not out).

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