Bullboard - Stock Discussion Forum 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... see more

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Peyto Exploration & Development Corp

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Comment by SlickRick40 on Jan 20, 2022 10:23am

RE:RE:RE:RE:Sooo Beautiful...

ngtraderng wrote: Now it's blowing through $4 and will reach a $3 handle by July. It's not completely management's fault though. Growing sentiment is that all fossil fuel reserves are stranded assets and worth nothing.

Wow this genius sure called it. 80 oil and 4 gas you're blabbing about stranded assets. Do you also own Gme and AMC by chance? Maybe a few bitcoins in your digital wallet?

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Comment by ngtraderng on Jan 20, 2022 10:37am

The fundamentals for North American (and especially Canadian) gas producers are not as rosy as the equity share prices suggest. Sure, they are much better than they were in 2020. There is not enough egress out of Canada and there never will be.

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Comment by houbahop on Jan 20, 2022 5:03pm

And most importantly, add to this the indiscipline of gas producers that take any price uptick as an opportunity to increase production and flood the markets. Business as usual...

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