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

Post by TOMMY1on Feb 24, 2017 1:53pm

346 Views

Post# 25890348

Why is this stock taking such a hammering today?

Currently over 4% down. Compared to it's peers, I would say Peyto is one of the safest bets in the oil and gas industry and pays a decent dividend too. I wonder if margin calls are now being triggered now we hit under $27.

A lot of insiders bought fairly recently at levels above the current price so they must have confidence despite all the negativity surrounding the oil and gas sector.

Man, I hope this ship turns around soon. I guess in the meantime, we can enjoy the dividend payout.

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