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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

Post by Water_Manon Feb 09, 2021 9:21am
183 Views
Post# 32511100

Motley Fool & renewed interest

Motley Fool & renewed interestThe paid service of Motley Fool does not have Peyto as a current recommendation (to my knowledge they haven't ever). Contributors have - Daniel DaCosta, Karen Thomas & Nikhil Kumar  in positive articles! (2021) This exposure is helpful but a little prospective, Karen Thomas who wrote Peyto as top pick for January also wrote (this is funny) just in December referring to Peyto "I held too long"! Nikhil Kumar's (Jan 19 Peyto) article "Buy This Cheap Stock and Become a Billionaire" ha! ha! ... perhaps if you are CNQ and doing more shopping (ie: Painted Pony).

Hindsight is easier than foresight and brokerages drop interest & coverage. Is it due to embarassment? National Bank Research Note (Nov 10, 2016) had Peyto at "Outperform" with a target of $53. This when shares traded at $33 and started to underperform until the decline to last year's low. IMO Interest is "recycling" :)


Great seeing what was (previously) large Level II sell interest  disappear.

The Cascade Power Plant will be a postive catalyst for the company in 2023; looking forward to the hearing netbacks to nearly half Peyto's current production. Alberta power plant conversions will add support to NG pricing & demand (at the expense of coal). TransAlta has just completed the Sundance 6 conversion; Keephills 2 to follow (June); and Keephills 3 (in Dec). Capital Power plans to complete Genesee 1 conversion (dual fuel) this spring.

Darren et al with continue to improve productivity. Shareholder rewards will come with production growth, improving market and dividend bump. May all your choices turn out great!



 





 


 
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