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Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s):  PEYUF

Peyto Exploration & Development Corp. 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 Alberta Deep Basin is a geologic setting situated on the northeastern front of the Rocky Mountain belt in the deepest part of the Alberta sedimentary basin. It acquired Repsol Canada Energy Partnership (Repsol Assets), which included around 23,000 barrels of oil equivalent per day of low-decline production and 455,000 net acres of mineral land. The acquisition includes five operated natural gas plants with combined net natural gas processing capacity of around 400 million cubic feet per day, 2,200 kilometers (km) of operated pipelines, and a 12 MW cogeneration power plant. These assets include Edson Gas Plant and the Central Foothills Gas Gathering System. The Company has a total proved plus probable reserves of approximately 7.8 trillion cubic feet equivalent (1.3 billion barrels of oil equivalent).


TSX:PEY - Post by User

Comment by raggetyjackon Nov 21, 2012 3:06pm
184 Views
Post# 20628555

RE: RE: Financing already sold out

RE: RE: Financing already sold out

Trickle in would be good.

with 115 million extra to fund projects and with NG pushing to go thru $4.00 any day now the economics on Peyto is phenominal.

Divident of 0.06 per month is chicken feed when this gets going with higher gas prices. Easy increase of dividend is coming over next little while to increase the stock price over 30 bukcs.

GLA...

Shusshhhhh .....In the quiet period now

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