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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 perplexed01on Dec 06, 2018 1:59pm
49 Views
Post# 29077367

RE:RE:some very sharp posters here - opinions about SP?

RE:RE:some very sharp posters here - opinions about SP?thanks for reply Yasch,  as always i find your posts insightful and well thought out. i think all us long term SH's must answer the same question whatever our timeframe - hold against a strong downtrend  or exit and lock in a huge  loss.

  myself, i believe company is well run and wont go bankrupt and as you wrote -short term the intense selloff is driven by tax loss selling and fund repositioning.  once exhausted (xmas?) we may well see an equally dramatic reversal but upside will be limited until macro conditions change which may be a very long time!
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