Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 PoundSandon Jun 21, 2018 8:16pm
142 Views
Post# 28209733

RE:RE:RE:RE:RE:RE:RE:RE:How Peyto breaks even in 2019

RE:RE:RE:RE:RE:RE:RE:RE:How Peyto breaks even in 2019The stock is in the dog house because of the fundamentals, not because of "shorters". It's absurd to blame performance on short sellers when the commodity supply consistently exceeds the market call. You need to guard against the tiresome tendency to blame short selling for unwelcome performance in stocks. If the fundamentals favor the holders, they won't be so inclined to sell, but here, that isn't the case. Canadian gas in North America continues to be considered marginal supply because of it's remoteness to key consumption centers, and low profitability, that is the key impediment to stock outperformance.

That said, I bought in yesterday and added today based on my belief that supply/demand balance is tightening, and if balance is achieved, the marginal producers will outperform.


Bullboard Posts