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

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Comment by PoundSandon Mar 19, 2018 5:02pm

67 Views

Post# 27742507

RE:RE:RE:Friday + ex-dividend day trading patterns

https://www.xe.com/currencycharts/?from=CAD&to=USD&view=1Y

As you can see, the variation in the exchange rate has been quite significant over the last 30-45 days, which does impact the value here in the U.S.. By holding over this period, the U.S. buyer would have experienced a loss by virtue of the foreign exchange loss which does get factored into the stock price daily.The currency relationship does influence my buying to some extent.

I'm expecting the US$75.5 cent level to perhaps become a point where currency becomes a bit of a tailwind....I expect it is close at hand.

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