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).

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Peyto Exploration & Development Corp

Bullboard Posts

Comment by sevushkaon Nov 17, 2017 1:46am

66 Views

Post# 26981831

RE:RE:RE:Norwegian scare

ceremony wrote: norway has not decided to do this yet. they will study it for ONE YEAR before making final decision.

1998novl wrote: No big deal on the Norwegian sales...$32 Million is under Million shares, that’s like 6-10 days of trading if executed properly. Could be the reason for the recent dive though.

yes, but likely the reason for the sell-off today along with shorts and tax loss. Technicals are bad, might touch 2012 low of 15 something. But this is very undervalued now and is one of my core holdings for the upcoming energy bull.

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