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

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Comment by EquityInveston Jun 14, 2018 7:46pm

135 Views

Post# 28175238

RE:RE:Minor update on corporate presentation

Chris_toronto wrote: Interesting!

While I still think that our CEO is not qualified to be in his position, the PEY chart is pointing to the need to rally above $11. I'll take the trading opportunities whenever they come.

The projected rally, based on charts, above $11 is also supported by price consensus from 9 analysts covering Peyto stocks:

CURRENT TARGET PRICE

High Target Price 18.00

Mean Target Price 15.86

Low Target Price 12.50

Median Target Price 16.00

https://www.theglobeandmail.com/investing/markets/stocks/PEY-T/research/

The current sp is way below the low target price, Peyto will finally reward its long-suffering shareholders.......

GLTA

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