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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 NGinsideron Jun 10, 2021 6:41pm
322 Views
Post# 33369705

All Aboard

All AboardThis stock is about to leave the station.  The breakout above $6.20 means this should run to $7.50 and likely $10+ by year end.  If PEY gets added back into TSX composite, the demand will start to pile on.  

NG and Oil set to run for the remainder of this year.  Even at the current price PEY is only selling for 4.4x 2021 EV/DACF.  Historically it has been 8-10x.  I'll be satified with 6x 2022 EV/DACD which is $16/share. We are only in the 2nd inning.

Cheers!
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