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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 Snowhouseon Apr 29, 2019 12:14pm
202 Views
Post# 29683816

RE:Too much debt,cheap natural gas---

RE:Too much debt,cheap natural gas---I was actually waiting for someone to come out and say this company going BK. But you were little generous and gave it $2 price target. It's very predictable now a days that some one either a short or non holder would come and start scaring off investors as soon as any stock breaks the low.

I have bought huge chunk in the last two days. I am very positive about the company performance in future.

Wynjoe wrote: This spells death for this company.After breaking $6.44(yearly low),if your still long on this pig,you deserve what you get.Short positions increasing, ok for some daily trades,but run for the hills,before adding pey longterm to your portfolio.I think there's trouble brewing,before years end this may trade for two bucks,(or less)!!!!!


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