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 > Huge day for Peyto today

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Comment by stockmarket1on Apr 30, 2024 10:03am

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Post# 36014594

RE:RE:RE:Huge day for Peyto today

Yes but I would like to see the debt be reduced more than anything else. FCF is a big thing people talk about when it comes to O& G companies but...debt reduction gives the balance sheet much more strength and security imho.

It's now past x dividend date and we should not be surprised to see profit taking that's occurring today. Kind of a given actually. It's had a great run as of late.