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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 Quintessential1on Feb 18, 2022 6:13pm
204 Views
Post# 34443690

Expect a pop

Expect a popI picked up some of these for my TFSA.  I just like this company.  They seem to do everything right with maybe a small exception in the hedging strategy but I really knoiw very little of the ins and outs so I will assume its more complicated than it looks and like everything they do,  they are doing their best,

I owned this before and ditched it when it came back but before the dividend was reinstated.  Too bad too because I had a pretty good average cost then.
 
I am hoping for a pop after earnings, The production report was really good and I'm surprised it hasn't popped already.  My guess is investors want to see how the funds from those production numbers are allocated.  One way or another I would like to see some it go to shareholders and I think debt reduction would be the best use for most of what doesn't have to go to the limited production expansion that they have discussed.

Glad to be back and looking forward to upcoming earnings.

GLTA and have a great weekend!
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