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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 Tmandnm1215on Jul 04, 2018 2:25pm
109 Views
Post# 28268375

RE:RE:short the dog

RE:RE:short the dogi look at insider trading through TD waterhouse site that covers off what i need.
every bump up in interest rates will hurt the company as it has to increase the amounts that it would pay out through term.
so - could we get several rate hikes over the next year or year and a half.  yes we could.
many energy stocks have done very well - take a look at BNE - which is one that i mentioned a while back that is supported by continuous buying by insiders and lower debt levels.
also - look at XEG on toronto market to see the overall sector.
this stock is a poor performer and it will continue to be so for quite some time unless it breaks technically through certain levels and for a minimum amount of time.
Dividend cut coming - i mention that as many folks i believe hold onto or purchase for the "yield".  get rid of that and save a certain amount but i also believe that would or might percipitate a drop below technical levels at which point you would have mutual funds and the such having to sell as they may not be allowed to hold below certain levels and stocks that have no yield.
most everything i look at is technical so that is what i write about.
going concern - listen - should price of natural gas along with condensates etc drop over the next couple of years - this stock could go down the tubes or be sold off to other companies in pieces.  only seeing the insiders purchase and purchase in size with their own $$$$ and hold for time without selling or selling options etc would make me change my mind.
i believe this is a troubled company.  thats all and i trade usually to the short side on it.
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