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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 wreckhouseon Aug 09, 2023 8:30am
97 Views
Post# 35579074

RE:Peyto

RE:PeytoHi Houbahop, 
                       Its not only peyto, almost all other oil and gas stock lacks volatility, however i expect akmost all canadian oil and gas stocks to double by 2024 end, and atleast triple within two years.

Peyto will be rerated after winter, when cascade power gas supply would be factored in the results 

With oil going past 86.00  and CWS closing in on that price ,Nat/gas around 3.50 avg in the coming year ,I agree with a double . Peyto will be able too pay down their debt and increase the divi . Trans mountain looking too fill the pipe and Cascade making steam in October we should be in fine shape for a double or maybe 28-32 by 2024 year end . BCRNW
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