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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

Post by Tmandnm1215on Dec 11, 2018 10:12pm
169 Views
Post# 29100992

look back a bit in time:

look back a bit in time:believe that this was mentioned quite some time ago and i see that the same "holders" are still talking about how great this company is;
down to around 2.00 i said - many laughed and many called me an idiot.  what think they now as the dividend will be cut once again and more than likely eliminated.
then it is possible to see all institutions selling in two stages;
below $5.00 as it is below what is considered investment grade levels by charter and then once dividend is eliminated as cannot hold non dividend payers.
dont cry - dont whine - dont hope!

put a bid in - try something like 0.44 per share good until june of 2019 - you just might get filled
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