Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s): PEYUF

Energy Oil & Gas E&P

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).

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Peyto Exploration & Development Corp

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Comment by houbahopon May 02, 2019 1:37pm

116 Views

Post# 29701960

RE:RE:RE:RE:RE:RE:RE:RE:RE:Reasons behind the recent AECO price weakness?

Nice poetry, Yash!

I also like to read the monthly letter although it is unfortunate DG is using a large part
of his 2-page letter to complain about the same external issues.

Never did he acknowledge the years Peyto paid dividends financed by debt.
He had a say in this and did nothing. Many shareholders raised the red flag but the Directors
tossed it aside.

Any bets on the share price Peyto would start to execute on their issuer bid?
$5, $3, $1? Or maybe they wouldn't buy and put all the operating cash flows in capex?

Still waiting for butcher day before buying...

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