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 > Finally! A day to buy!! EOM

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Comment by stockmarket1on May 24, 2024 2:05pm

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Post# 36056308

RE:RE:RE:RE:RE:RE:RE:RE:RE:Finally! A day to buy!! EOM

I agree as well and of course, the price of Nat Gas today is on a decline ..... again! Mid $2.50 as I write this.

Sukhi19 wrote: Natural gas prices are much higher than Q1.
CASCADE is scheduled to start in Mid July-fingers crossed.
LNG Canada is only a year away.
They have indicated that their debt may rise a little but have shown no inclination to tinker with the dividend.
Most of the investotrs are in PEY because of the income it provides. If they cut the dividend it will negatively affect the SP as people will rush to sell and buy more secura names like TRP, ENB etc or even Banks and Utilities.

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