Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s): PEYUF

Energy Oil & Gas E&P

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

Peyto Exploration & Development Corp

Bullboard Posts

Comment by hardeeharon Jul 22, 2013 3:23pm

402 Views

Post# 21622622

RE:Do get to $40 by early 2014? eom

Peyto stock is down over a buck going into the last hour of trading today.

This is the 4th or 5th day in a row now that it has declined, but today's loss, if it holds, will be the worst of them. I Expect some sort of a rebound will occur here, as I can't see it falling much further - the stock has corrected over 10% from its recent highs.

This represents a good entry point IMO.

GLTA

Bullboard Posts

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