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).

TSX:PEY - Post by User

Peyto Exploration & Development Corp

Bullboard Posts

Post by Primetime1on Mar 13, 2020 12:15am

204 Views

Post# 30802514

My Take

It is very interesting how fast the sentiment on this stock has changed.

-This was a $3.00+ stock for a good portion of the year.
- It is a low cost producer.
-The management team knows what they are doing.
- AECO natural gas prices are coming off a really bad year, but they are now improving.
- Longer-term: natural gas will replace more and more coal energy, and pipeline access out of the basin will be expanded and improved.

The fundamentals have not changed in my opinion.

Long Pey.To

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