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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 Oldnaggeron Jan 14, 2021 8:53pm
213 Views
Post# 32303340

RE:RE:Are shorts finally covering?

RE:RE:Are shorts finally covering?Keep up your reading ,you are invested in the right place. As you do more due diligence you will feel more comfortable (and wealthier ) Petroleum commodities  are very volatile and subject to many influences that may be unforeseen . The trick is to not get shaken out and to be patient.
Most of these companies are seriously undervalued and have brilliant prospects over time.
This is not a sunset industry in spite of the rather shrill comments by some of our leaders.
The good that these resources create far outshine their drawbacks. Overall there is still a lot of poverty on this planet and that usually does not include Tesla owners!! (but it might be a different story for its shareholders)
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