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).

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Peyto Exploration & Development Corp > Got

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Comment by Boulteron Jan 17, 2021 12:54pm

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Post# 32315630

RE:RE:RE:Got

Gabora wrote:
You should sell some and go on a well deserved holiday.

GLE

Don't know if I deserve a holiday quite yet. After first buy around $12 what, 3 or 4 years ago, I am a few pennies/share above break even. OVV, BTE, and SU in the portfolio too. Lifetime oil and gas is now about break even with current portfolio losses about balanced with gains booked in years past. For me the interesting fact is that the sector is still valued at 1/10th the peak circa 2014, even after the 3X or 4X since March last year. I think in a few years, circa March 2020 oil and gas will be in hindsight the investment opportunity of a lifetime.

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