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Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s):  PEYUF

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

Comment by sportstermathewon Nov 20, 2020 9:57am
193 Views
Post# 31939934

RE:RE:RE:RE:Basis deals

RE:RE:RE:RE:Basis dealsMost people seem to forget that not only do these companies have to operate during one of the worst worldwide periods in 100 years but their families also.

This is just not an impact on prices only, but supplies, shipping, borders, demand, cashflows coming off a six year period of horrible, political upheaval like we have never seen in North America at least in my life time, medical concerns all around for virtually everyone in the world justabout that has anything of value to worry about.  Some people just don't care and are paying the price for it.

So if we can, and we are improving from here on out, great.

One problem I do have is the universe of investors has shrunk dramatically as evidenced by the members on this board.

Times are changing and maybe Peyto has to take this into consideration also.  Not just what the public wants but the demography of its investors who are probably older by a wide margin myself included.

One caveat.  Once Peyto starts to run up to $5, $8 or $10 and more, it may not come back to these levels ever again.


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