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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 > Wow - lot's of price movement
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Comment by houbahopon Jun 14, 2024 9:08pm
174 Views
Post# 36090197

RE:RE:RE:RE:RE:RE:RE:RE:Wow - lot's of price movement

RE:RE:RE:RE:RE:RE:RE:RE:Wow - lot's of price movementI shall try to answewr this one.

Current BoD, helped by some decisions taken in the past, brought share price to $1.
This near death experience reduced considerably Peyto's goodwill in the eyes of long term shareholders.

The burden of proof lies on their flexibitity dealing with the volatile natgas market they are operating in.

In the current natgas market, where would you put the available $? Debt reimbursement or capex? If you push growth when it is time to adopt a defensive strategy, your shareholders will bear the brunt. The opposite is also true. Shareholders assume you are in the best seat to take the decisions. Don't be wrong! 





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