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

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Comment by ngtraderngon Apr 20, 2020 12:08pm

192 Views

Post# 30930074

RE:PEY trading at $2

As others have noted on this board, management is giving themselves a boat load of options at these depressed prices. If Petyto gets back to where it was a couple years ago they'll make bank from the options without risking any of their own money. After they issue their next tranche of options they'll all have close to a million at an average strike price of $3. If the price goes to $10/share they'll each make $7 million and if it goes to $20/share they'll make $17 million each.

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