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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 auagntungstenon Feb 24, 2024 10:32am
165 Views
Post# 35897109

RE:RE:RE:RE:RE:"Ohhh, butt the HEDGE BOOK!!" Where'd the NG experts go?

RE:RE:RE:RE:RE:"Ohhh, butt the HEDGE BOOK!!" Where'd the NG experts go?After puchasing Natural producing land, and the existing infrastucture, the power plant utilizing fuel at a  price better than normal (henry hub - pipline costs) and a pipeline west to the world it seems that bringing in this supply in a tested thruput, is prudent. The low costs keep the shale plays down so when the price recieved  becomes stable. Holding these cards is what management seems to have and keeping dividends thus shareholders happy. Debt seems to be going down and the purchases seems solid. I'm happy thinking going forward the dividends could grow, I'll buy more shares, I spend my income monthly and live comfortable. I'm not dependant on pey however cream is cream. much better than soured milk, I don't have an agenda in my posts. 
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