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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.


TSX:PEY - Post by User

Peyto Exploration & Development Corp > Dividends Never Make up the Losses
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Comment by Quintessential1on Nov 29, 2023 11:28am
109 Views
Post# 35758667

RE:RE:RE:RE:RE:Dividends Never Make up the Losses

RE:RE:RE:RE:RE:Dividends Never Make up the LossesNot everyone in the market is a long.  

What the traders saw was an oversold stock with low commodity price forecast approaching and they did what traders do.  Just ask Houba why he trimmed when he did.

Now we have a stock approaching oversold with a high commodity price forecast for Q1 2024. 

PEY still has to get by profit taking and tax loss selling season but I think I have a good idea of what is about to happen.  The only question for me is:  Where is the buying bottom?  

GLTY and all 


stockmarket1 wrote: I agree Quint. However,  Peyto is sure on the decline since their last earnings report. PERFORMANCE has be lackluster to say the least. The market wasn't impressed I gather? Hopefully in 2024 we'll see a rebound.  


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