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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 petrolia1on Apr 10, 2024 6:29pm
132 Views
Post# 35982298

RE:RE:Peyto taking a page from Birchcliff...........

RE:RE:Peyto taking a page from Birchcliff...........Simply stated I would; to see peyto focused on more debt reduction. They were caught wirh their pants; before. Unfortunatel I held; from over $40 to less than  $1.In one of the conferenc calls a private investor asked D Gee; about ; stock buy backs when 
ssensibble to do so(ie when shares were bellow $ 1 snd they were boasting; on their presentation that infrastructure replacement cost was more than $20 per share) he brushed it off that dividends were a better priority. I sold my rrsp holding, but still hold in my unregistered account. Toumoline ate their lunch.But they still claim their virtues  Hopefuly new managemen; will reflec and change; tactics to create; better total shareholder total returns.
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