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 > TOU might take over PEY

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Comment by newcoinon May 16, 2023 6:40pm

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Post# 35451321

RE:RE:RE:RE:RE:RE:TOU might take over PEY

Correct! Two insider purchases - 13,800 shares at average $11.45. What are we worried about? I'm not.

earlybird_787 wrote:
I just don't understand why Peyto investors sweat so much over the company. It is a very well managed operation. In fact, the company is so open in its communication with investors that the quarterly statements contain no surprises and the conference calls are boring, (which is a good thing).

Personally I like the hedging program since it smooths out the inherent volatility in natural gas prices and assures a nice dividend while patiently waiting for future share price appreciation.

On Friday May 12, we saw a vote of confidence by the aquisition of shares in the open market by two VPs. Insiders buy shares only if they think the price is going up.