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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 Straiteon Dec 21, 2018 5:00pm
82 Views
Post# 29148669

Quadruple whammy good long-term potential

Quadruple whammy good long-term potentialBad company reports/downgrades, maybe divi cut? Overall energy sector down since a while Markets down since recent months Tax loss season The result is an overall excessive sell-off of many energy producer companies. As this point, it probable that we will see this stock reaching 30$+ within the next 10 year. If that happens in 10 years, that would imply a 15+% annual compounded return excluding dividends. If the price reaches that level earlier, it is obviously an even higher return.
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