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 Jumpy88on Nov 03, 2017 12:25pm

49 Views

Post# 26901287

RE:RE:RE:RE:RE:RE:RE:RE:the natural merger partner

Well we agree on that for sure. I have long thought that TOU was a natural takeover candidate for PEY and as mentioned I recall postulating that on these BBs last spring. I personally dont see it happening at this time but anything is possible, TOU are agressive but not stupid.

I have traded PEY both long and short for years. My feeling about a potential takeover was so strong last spring I decided to load up my TFSA on PEY at around $25 and sit on it. Clearly that strategy has not played out for me as of yet. You might even say it was a collasal disaster. But time is on my side and I feel either way I will come out ahead. PEY is still a solidly run company and if we can get a break on NG prices we will see a much higher SP in coming months.

JMHO
oi

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