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 Franchuttoon Nov 30, 2017 9:09pm

196 Views

Post# 27068881

I smell a little trick

As many have noticed, amazingly high volume at the end of the trading day. At first I thought of a short sellers attack on the stock but looking at the level 2 quotes it didn’t add up, there wasn’t 8 million buyers/sellers at this price point ready to fire.

Could the buyer and seller be the same person? If lets say I hold 8 millions shares with a taxe loss in one hand and have a not exposed company in the other hand, why wouldn’t I switch positions and get a loss on one side and still keep my position on the other, maybe one day Blue sheets will be sent as this is fishy.

Bullboard Posts

Visionstate set to leverage success in the U.S. market