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 Boulteron Jan 24, 2020 5:17pm

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Post# 30596891

RE:RE:RE:RE:Insider Buying Continues

Maxmoe wrote: Heads up. Margin calls start if we stay below 3.

Maybe. What actually happens is the loan value goes from 50% (at TDDI anyhow) to zero. Whether or not there is a margin call is a function of the total margin on the pair of accounts, $Can and $US margin accounts combined. For example, I usually have negative margin on the Canadian side, but positive margin on the US side, totalling to positive (of course, or there would be a margin call). The above is how it works at TDDI in Canada anyhow. No idea what other Canadian institutions do, or what happens in the USA.

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