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 houbahopon Mar 25, 2020 4:35pm

237 Views

Post# 30847081

Anyone buying this rally?

Any opinion using technical analysis?

Natgas US is still in a downtrend but is probably forming base in this $1.50 to $2.00 range.
AECO strip seems to hold average of $2.20 for 2021 and over.

On a more fundamental basis, isn't the crash in oil prices the ultimate piece of news a natural gas producer was dreaming of?

How many Natgas producers can survive in this new context?
Can these big US producers survive with sub-$2 NYMEX prices?
How much % of total production they represent?

Probably only a bunch of disgruntled owners of oil/gas stocks left on the board?

Bullboard Posts

Two micro-cap stocks with strong fundamentals