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Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s):  PEYUF

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

Comment by dalerules88on Jan 12, 2018 2:11am
107 Views
Post# 27339694

RE:RE:RE:Divvy cut in half

RE:RE:RE:Divvy cut in halfoverall, I give them thumbs up for doing the right thing - if all the major players did what Peyto is doing, i.e. keeping production essentially flat, then the local pricing would fix itself simply by increased overall demand - so kudos for having the balls to say, we're not flooding the market;

Pony is basically doing the same thing, for 2018

Tourmaline is not being a team player, and targets raising production by 10% - that's unfortunate; good for them, but it does show their colors; too bad; I like the Pey restraint, and I sold my Tou shares today and switched to Pey; I'm voting with my wallet, you might say; it may cost me, but so what, on account of principle, it's the right thing to do;  I bet in the long term, Pey will get back their investment in integrity in spades; Tou will outpace them on share appreciation in the near term, but in the long term, Pey will reap greater benefits; from what I read, they are a no-BS, cards on the table, call it as you see it operator, and I personally like that management style;  and still, they'll be making money...

bottom line, the announcement was good news, operationally and fiscally speaking - it provides lot of clarity, removes doubt, and solidifies the company's prudent-operator status; clearly "market" disagrees with me, but that's largely because shorts are mostly d*cks with lots of attitude and no real balls ;)  that's the price we pay for integrity, I guess.. so be it, there's more to life than money, right?





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